Listing Details

Commercial Property for Sale

Courtesy of Derek Claffey, Ryan Brown of NAI Commercial Real Estate Inc

Property For Sale In Downtown (st. Albert), St. Albert

 Commercial Property for Sale, MLS® # E4377078

7 & 9 St. Anne Street is an excellent opportunity for an owner/user looking to own and occupy a building with strong rental income from existing tenants or Investors looking to create value with renovation, lease-up or potential condominiumization of the property. This property is an attractive location just off St. Albert Trail in the downtown region and overlooks the Sturgeon River. The building is currently 61% occupied by Tenants with Net Leases in place. 39% of the building is available for owner/user occupancy or re-lease to new Tenant's. The current net income of $482,000.00 per annum in place (June 1, 2024), potential Proforma income of $764,812.00 per annum. There are medical/office vacancies with a variety of subdivision options including 8,213 Sq.Ft. +/- of nicely finished main floor space (availble June 1, 2024). There are 20 covered parking stalls and 102 surface parking (2.2 stalls per 1,000 Sq. Ft.).

Contact Property Pathfinders About MLS® E4377078

Required Field

Property Pathfinders, 587-785-8792 at eXp REALTY, #280 23 Sunpark Drive SE, Calgary, Alberta, T2X-3V1

property information

  • Property Type: Commercial Property
  • MLS®#: E4377078
  • Year Built: 1977
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Community Information

  • Neighbourhood: Downtown (St. Albert)
  • City: St. Albert
  • Postal Code: T8N 2X4
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$8,500,000

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