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$ 1,999,000
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Active
107 First AVE W Cochrane, AB T4C 1A5
4,427 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,427 sqft
Price per Sqft $451
Subdivision Downtown
MLS Listing ID A2215077
HOA Y/N No
Year Built 1970
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Retail
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.
Location
State AB
County 0269
Zoning C-HD
Interior
Fireplace No
Exterior
Total Parking Spaces 6
Garage No
Building
Dwelling Type Mixed Use
Others
Restrictions Historic Site
Listed by RE/MAX iRealty Innovations