20
See all 20 photos
$1,999,000
Est. payment /mo
4,427 SqFt
New
107 First Avenue W Cochrane, AB T4C1A5
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,427 sqft
Price per Sqft $451
Subdivision Downtown
MLS® Listing ID A2215077
Originating Board Calgary Real Estate Board
Year Built 1970
Lot Size 6,759 Sqft
Acres 6759.95
Property Description
Discover the potential with this commercial property nestled in the vibrant and growing town of Cochrane. Offering a generous 4,427 square feet, this historic site currently hosts a happy trifecta of long-standing tenants: a bustling beauty salon, a charming shoe store, and a well-stocked large bookstore. All tenants have a solid track record of over a decade and have expressed eagerness to renew their leases. With an appealing 6.2% cap rate, this property not only provides immediate, stable cash flow but also offers exciting prospects for future development. The zoning allows for a variety of uses, making it adaptable to changing business landscapes or increasing community needs. Strategically positioned, the property puts you within short walking distances to key community spots. It's a hop away from the Cochrane High School and a skip to the M&M Food Market. Also, the picturesque views at Cochrane Park are just a stone's throw away, ensuring you're never far from a relaxing natural retreat. This downtown gem is perfect for investors looking to capitalize on Cochrane's growth while securing a property steeped in community history. Whether you're looking to maintain its current uses or explore new opportunities, this commercial space offers a foundation ripe with potential. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 6
Private Pool No
Listed by RE/MAX iRealty Innovations