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$1,475,000
Est. payment /mo
10,186 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 10,186 sqft
Price per Sqft $144
Subdivision Steele Heights
MLS® Listing ID A2176122
Originating Board REALTORS® Association of Lloydminster & District
Year Built 1984
Lot Size 0.821 Acres
Acres 35758.68
Property Sub-Type Freehold
Property Description
For Sale: Prime Investment Opportunity - 5-Bay Mini Mall in Lloydminster, Alberta. This meticulously maintained 5-bay mini mall offers an exceptional investment opportunity in a prime location within Lloydminster, Alberta. With a reliable lineup of long-term tenants and an attractive cap rate, this property is ideally suited for investors seeking a stable income-generating asset. Key Highlights: Long-Term Tenants: The mini mall has a robust tenant base, ensuring steady cash flow with low vacancy risk. These long-standing tenants are established businesses that bring consistent foot traffic and serve the needs of the local community. Strategic Location: Positioned across from local schools and within close proximity to Bud Miller Park, shopping centers, a hockey rink, and other popular amenities, the mall benefits from a high-visibility, high-traffic location. This prime spot appeals to both tenants and customers, enhancing the property's long-term desirability. Exceptional Maintenance Standards: The building's upkeep is managed by quality contractors under comprehensive service contracts, ensuring that both the exterior and interior are well-maintained with minimal interruptions. This commitment to maintenance not only preserves the property's aesthetic and structural integrity but also provides peace of mind for potential investors. Strong Cap Rate: This property offers an attractive cap rate, positioning it as an excellent income-generating asset with significant growth potential. This mini mall is an ideal investment for those looking to capitalize on the economic stability of Lloydminster and the enduring appeal of a well-located commercial property. Whether you are a seasoned investor or looking to diversify your portfolio, this property offers both security and potential for future appreciation. Don't miss out on this prime investment opportunity in Lloydminster! (id:24570)
Location
Province AB
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
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Listed by CENTURY 21 DRIVE