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Data was last updated 2024-10-11 at 13:10:04 GMT
$10,880,000

125 Main Street N   Airdrie, Alberta

MLS®: A2172159
URL:    
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 97% 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 $612,600 + amortization recovery of $47,900 which equals Total Net Revenue of $660,400 for 2024. Total Net Revenue is projected to increase to $673,800 in 2025 and over the next ten years is a projected average of $718,800 per annum. Click the link below to download the brochure!
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 97% 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 $612,600 + amortization recovery of $47,900 which equals Total Net Revenue of $660,400 for 2024. Total Net Revenue is projected to increase to $673,800 in 2025 and over the next ten years is a projected average of $718,800 per annum. Click the link below to download the brochure!

Listing Information

Prop. Type:
Retail (Commercial)
Status:
Active
City:
Airdrie
Neighbourhood:
Downtown
Area:
Airdrie
Province:
Alberta
MLS® Number:
A2172159
Listing Price:
$10,880,000

General Information

Year Built:
1984

VIP-Only Information

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This property is listed by Manchester Properties Inc. and provided here courtesy of Carmelle Smutko. For more information or to schedule a viewing please contact Carmelle Smutko.
Carmelle Smutko
Century 21 Bamber Realty LTD
Phone: 403-863-4536
Mobile Phone: 403-863-4536
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
This site's content is the responsibility of Carmelle Smutko, licensed REALTOR®(s) in the Province of Alberta.
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The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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