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$ 259,900
Est. payment | /mo
2,400 SqFt
$ 259,900
Est. payment | /mo
2,400 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $108
MLS Listing ID A2337357
Year Built 1966
Property Sub-Type Mixed Use
Property Description
Turnkey Mixed-Use Investment on Main Street,Spirit River
A rare opportunity to own a leased,income-producing building right on Spirit River's Main Street. This 4,800 sq ft mixed-use property blends stable commercial tenancy with residential upside — ideal for an investor looking for immediate cash flow and room to grow.
The main floor is anchored by long-term commercial tenants,including an insurance office and Alberta registries services,Downstairs lease renewed for 3 years in March 1,2025 . In 2028 they have 2 more 3 year options to extend lease
A top-floor suite is leased to a business tenant on a one-year term,adding further stability to your income stream.
Upstairs,two one-bedroom residential suites are available — including an upgraded owner's suite — offering flexibility to owner-occupy,add a resident manager,or lease both units for additional revenue.
Recent capital improvements give this building a head start on maintenance costs: new roof,furnaces,hot water tank,exterior paint,and full renovations to apartments 2 and 3. Construction is solid brick with a poured concrete foundation.
The numbers work now — the property shows strong positive cash flow at just 65% occupancy. Call your favorite Commercial Realtor® to take a look at this great opportunity!
A rare opportunity to own a leased,income-producing building right on Spirit River's Main Street. This 4,800 sq ft mixed-use property blends stable commercial tenancy with residential upside — ideal for an investor looking for immediate cash flow and room to grow.
The main floor is anchored by long-term commercial tenants,including an insurance office and Alberta registries services,Downstairs lease renewed for 3 years in March 1,2025 . In 2028 they have 2 more 3 year options to extend lease
A top-floor suite is leased to a business tenant on a one-year term,adding further stability to your income stream.
Upstairs,two one-bedroom residential suites are available — including an upgraded owner's suite — offering flexibility to owner-occupy,add a resident manager,or lease both units for additional revenue.
Recent capital improvements give this building a head start on maintenance costs: new roof,furnaces,hot water tank,exterior paint,and full renovations to apartments 2 and 3. Construction is solid brick with a poured concrete foundation.
The numbers work now — the property shows strong positive cash flow at just 65% occupancy. Call your favorite Commercial Realtor® to take a look at this great opportunity!
Location
Province AB
County 0290
Zoning commercial
Interior
Inclusions NA
Fireplace No
Exterior
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by eXp Realty
NEARBY SCHOOLS & PROPERTIES
LISTINGS
4 Beds3 Baths1,663 SqFt1/30 30Price Dropped by $5K$469,900
2 Beds2 Baths2,581 SqFt1/42 42New$575,000
2 Beds2 Baths1,016 SqFt1/30 30Active$345,000