COMMERCIAL BUILDING - ALBERTA BEACH

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Price: 950000.00 Dollar US$

LAKEFRONT PROPERTY located on main street right beside the pier and the public beach. Huge lot with 2 buildings includin...

  • Category: Office - Commercial Space
  • Published: December 3, 2016

    Description

    LAKEFRONT PROPERTY located on main street right beside the pier and the public beach. Huge lot with 2 buildings including a 5200 + sqft 2 storey building which is leased by a well established grocery store (3 years remaining on lease) TRIPLE NET LEASE and potential CAP 8.5%+. PLUS there is room to grow the income on the upper level which currently contains one 1000 sqft fully developed apartment suite featuring lakefront views, 2 bedrooms and a private entrance. Best part there is room for 3 more apartments in the future! The second building (about 800 sqft) is also leased (by an Agent of Alberta Treasury Branch). Located less than 60 kms West of Edmonton. the Village of Alberta Beach is a popular destination on beautiful Lac ste Anne where the population swells from 900 to over 3000 during summer weekends. List price is Canadian Dollars.

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