$2,054,000
$2,375,000
13.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/22/2023
Key Details
Sold Price $2,054,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown Lacombe
MLS® Listing ID A2034504
Sold Date 11/22/23
Year Built 1977
Annual Tax Amount $23,312
Tax Year 2023
Property Sub-Type Mixed Use
Source Central Alberta
Property Description
The Jewel of Lacombe. 19,200 square feet over 3 floors. Fully occupied commercial building showing impressive returns. Building has had major renovations and updates over the last few years. Nothing left to do. Long term major anchor tenants in place. Located in the heart of downtown Lacombe close to all amenities and has parking galore. Substantially renovated building priced at half of what building new would cost. Includes separately titled parking lot which could be sold if you choose to. Vendor will give preference to a share sale as opposed to asset sale. Share sale would benefit buyer as a turn key operation with no need to change any tenant leases or service provider contracts. 2022 Net income was $181,211.67 with current 0% vacancy shows a CAP Rate of 7.66%
Location
Province AB
County Lacombe
Zoning C1
Others
Restrictions None Known
Tax ID 79423363
Ownership Registered Interest
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