403-836-5959
20
107 First Avenue W
$1,999,000 Sale
Listed 24 days ago
· 0
· 0.0
· 6
· 4427
Key Facts
Key facts for 107 First Avenue W
Property Type
Commercial, Retail
Parking
Garage: No, 6 parking
MLS #
A2215077
Size
4427 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1970
Maintenance Fee
-
Description
Discover the potential with this commercial property nestled in the vibrant and growing town of Cochrane. Offering a generous 4,427 square feet, this historic site currently hosts a happy trifecta of long-standing tenants: a bustling beauty salon, a charming shoe store, and a well-stocked large book...store. All tenants have a solid track record of over a decade and have expressed eagerness to renew their leases. With an appealing 6.2% cap rate, this property not only provides immediate, stable cash flow but also offers exciting prospects for future development. The zoning allows for a variety of uses, making it adaptable to changing business landscapes or increasing community needs. Strategically positioned, the property puts you within short walking distances to key community spots. It’s a hop away from the Cochrane High School and a skip to the M&M Food Market. Also, the picturesque views at Cochrane Park are just a stone's throw away, ensuring you're never far from a relaxing natural retreat. This downtown gem is perfect for investors looking to capitalize on Cochrane’s growth while securing a property steeped in community history. Whether you’re looking to maintain its current uses or explore new opportunities, this commercial space offers a foundation ripe with potential. (id:10452)
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Listing courtesy of: RE/MAX iRealty Innovations
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