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$ 30,000
Est. payment | /mo
1,164 SqFt
$ 30,000
Est. payment | /mo
1,164 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,164 sqft
Price per Sqft $25
Subdivision Royal Vista
MLS Listing ID A2285326
Year Built 2022
Property Sub-Type Retail
Property Description
Excellent opportunity to take over a fully improved commercial space ideally suited for education-based operations,with flexibility for certain medical or professional service uses. This is an Improved Space Lease Assignment. The current leaseholder invested approximately $140,000 in professional build-out (completed August 2024),including interior classroom partitioning,electrical upgrades,plumbing improvements,and a functional multi-room layout. The substantial investment allows the next operator to significantly reduce renovation costs and open quickly.
Located in the rapidly growing Royal Vista community,this well-improved commercial unit is currently operating as an art instruction studio and is positioned within a vibrant commercial corridor,directly across from Renert School,one of Alberta's top-ranked private schools,the unit benefits from strong family demographics,consistent student traffic,and convenient access near 112 Avenue NW with ample on-site parking.
The 1,164 sq. ft. space features reception area at entrance,three private classrooms /consultation rooms,two washrooms,three sinks (ideal for art,children's programs),rear access door.
Lease term is 5 years with renewal option,with more than 3 years remaining. Base rent is $33 PSF (Years 1–3) and $34 PSF (Years 4–5). Ideal for Private school,tutoring/after-school program,language academy,art,music,or enrichment studio. Also suitable for health services,Physiotherapy,rehabilitation,Chiropractic,massage therapy,acupuncture and wellness clinic. All uses are subject to landlord approval and compliance with applicable zoning and development requirements.
Located in the rapidly growing Royal Vista community,this well-improved commercial unit is currently operating as an art instruction studio and is positioned within a vibrant commercial corridor,directly across from Renert School,one of Alberta's top-ranked private schools,the unit benefits from strong family demographics,consistent student traffic,and convenient access near 112 Avenue NW with ample on-site parking.
The 1,164 sq. ft. space features reception area at entrance,three private classrooms /consultation rooms,two washrooms,three sinks (ideal for art,children's programs),rear access door.
Lease term is 5 years with renewal option,with more than 3 years remaining. Base rent is $33 PSF (Years 1–3) and $34 PSF (Years 4–5). Ideal for Private school,tutoring/after-school program,language academy,art,music,or enrichment studio. Also suitable for health services,Physiotherapy,rehabilitation,Chiropractic,massage therapy,acupuncture and wellness clinic. All uses are subject to landlord approval and compliance with applicable zoning and development requirements.
Location
Province AB
County Cal Zone Nw
Area Cal Zone Nw
Zoning DC
Direction NW
Interior
Inclusions ask listing agent
Fireplace No
Exterior
Garage No
Building
Dwelling Type Retail
Others
Restrictions Landlord Approval
Listed by Top Producer Realty and Property Management
LOCATION AND NEARBY PROPERTIES
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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.
