Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS® Listing ID A2172159
Year Built 1984
Annual Tax Amount $20,400
Tax Year 2024
Property Sub-Type Retail
Source Calgary
Property Description
This property is located on Main Street with great curb appeal, drive by visibility, on site parking (59 stalls) and a brand-new elevator (2023) servicing the second floor.
This building is 100% occupied with only one vacancy of 900 sq. ft. which the owner is actively marketing for lease. The property is tenanted by quality tenants with 74% of the building leased until March of 2033.
Current Net Rental income is $622,750 + amortization recovery of $57,800 which equals Total Net Revenue of $680,600 for 2025. Over the next ten years the total net revenue is projected to average $737,900 per annum.
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Location
Province AB
County Airdrie
Zoning M3
Interior
Heating Floor Furnace, Forced Air, Natural Gas
Cooling Central Air
Exterior
Roof Type Tar/Gravel
Accessibility Accessible Elevator Installed
Total Parking Spaces 59
Others
Restrictions Call Lister
Tax ID 56466188
Ownership Private
LOCATION AND NEARBY PROPERTIES
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REVIEWS
My husband and I recently purchased a home in Airdrie with Justin Newman and couldn't be happier with our experience! He guided us through the whole process, was incredibly helpful in answering questions, and went above and beyond to make sure the whole process was stress free and seamless. He was always available for phone calls and helped us navigate every aspect of the purchase (showings, home inspection, condo doc read, lawyers etc.). We highly recommend Happy House Hunting and Justin for a realtor in the Calgary area and will definitely be using him again!
