REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,400,000
Est. payment | /mo
12,670 SqFt
$ 3,400,000
Est. payment | /mo
12,670 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 12,670 sqft
Price per Sqft $268
Subdivision Hawkridge Estates
MLS® Listing ID A2168434
Originating Board Central Alberta REALTORS® Association
Year Built 2014
Lot Size 1.190 Acres
Acres 51836.4
Property Sub-Type Freehold
Property Description
Great investment opportunity for this busy fully leased strip mall in the thriving town of Penhold, with solid long term tenants. This well constructed strip mall was built in 2014 (HAWKRIDGE MARKET SQUARE) on 1.19 acres the corner of highway 2a and Hawkridge Blvd. ( also one block from highway 42 that accesses highway QE2) in a busy shopping centre with numerous tenants in the surrounding CRU properties including Canada Post, IGA, Dairy Queen, Tim Hortons, Subway, IDA, Dentist, Doctors office etc. Penhold is a booming town located 7 minutes from Red Deer, with the relatively recent addition of a Multiplex, new High school, new residential subdivision. Population in the immediate trading area is close to 3000 people and growing with more than 6000 cars drive by everyday seasonally. The building is divided into 10 separate units each with their own HVAC (some tenants occupy more than one unit). Total building square footage is 12670 sq. ft. Tenants include Antler Hill Veterinarian Clinic, Blair's Liquor Store, Piece By Piece Nutrition Inc. , Mullets Barber Shop, Arashi Do Martial arts, Organic Oasis Spa & Salon Ltd. and Oh My Vape. This is the only strip mall in the immediate shopping district which can operate a liquor store (restrictive covenant for surrounding retail in place). CURRENTLY GENERATES $226568/YR NET INCOME WITH ESCALATORS IN PLACE. (id:24570)
Location
State AB
Interior
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RCR - Royal Carpet Realty Ltd.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "