Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
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$ 10,880,000
Est. payment | /mo

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$ 10,880,000
Est. payment | /mo
Save

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 is an excellent opportunity for a savvy investor to acquire the Airdrie Town Centre: a prime investment opportunity within the ‘Downtown Revitalization Plan Area' making it a very desirable property to own in the short and long term.
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

Listed by Manchester Properties Inc.

GET MORE INFORMATION

agent

Justin Newman

License ID: 00540392

+1(403) 668-1272

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REVIEWS

Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.

Gyann Yiu