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 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!
Property Details
Price:
$10,880,000
MLS #:
A2172159
Status:
Active
Baths:
0
Address:
125 Main Street N
Type:
Commercial
Subtype:
Retail
Subdivision:
Downtown
City:
Airdrie
Listed Date:
Oct 10, 2024
Province
AB
Postal Code
408
Year Built:
1984
Schools
Interior
Accessibility Features
Accessible Elevator Installed
Exterior
Parking Total
59
Roof
Tar/ Gravel
Financial
Map
Community
- Address125 Main Street N Airdrie AB
- SubdivisionDowntown
- CityAirdrie
- CountyAirdrie
- Zip CodeT4B 0R8
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Courtesy of Manchester Properties Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Calgary AB. Detailed information about real estate listings held by brokerage firms other than Stonemere Real Estate Solutions include the name of the listing broker. Neither the listing company nor Stonemere Real Estate Solutions shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Calgary AB. All rights reserved.
125 Main Street N
Airdrie, AB
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