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125 Main Street N
Airdrie
Update on 2023-07-04 10:05:04 AM
$ 10,880,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1984
YEAR BUILT
MLS® Number
A2172159
PROPERTY TYPE
Commercial
LISTING DATE
2024-10-09
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!
(403) 271-0600
| COMMUNITY | Downtown |
| TYPE | Commercial |
| STYLE | |
| YEAR BUILT | 1984 |
| SQUARE FOOTAGE |
| BEDROOMS | |
| BATHROOMS | |
| BASEMENT | |
| FEATURES |
| GARAGE | No |
| PARKING | |
| ROOF | Tar/Gravel |
| LOT SQFT | 0 |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|---|---|
| Master Bedroom | ||
| Second Bedroom | ||
| Third Bedroom | ||
| Dining Room | ||
| Family Room | ||
| Kitchen | ||
| Living Room |
INTERIOR
Central Air, Floor Furnace, Forced Air, Natural Gas,
EXTERIOR
Broker
Manchester Properties Inc.
Agent
