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2002 20 Avenue, Bowden, AB - MLS # CA0153768

2002 20, Bowden, AB T0M 0K0

Quick Summary

Price
$390,000
Type:
Commercial
Sub Type:
Retail
Title:
2002 20 Avenue
Possession:
Immediate
Tax Amount:
4000 / 2018

Lot Summary

Lot Width:
131
Lot Depth:
78
Lot Units:
10218 Feet
Lot Shape:
Standard
Water Source:
Municipal

Building Summary

Year Build:
1963
Construction Material:
Frame - Wood
Roofing:
Tar & Gravel
Area Above:
5198 sq ft

Building Features

Inclusions:
all furnaces, hot water tanks.. pizza oven, all fixtures

Property Description

County / Parish: Red Deer County, Alberta
Zoning: C1

5 unit commercial strip mall , 5 units vary in size from 850 to 1350 sq.ft.. Each unit has its own furnace, water heater and storefront doors, all separately metered for gas and power.. many past uses including pizza restuarant. At present 2 units are vacant but landlord is in the process of negotiating with tenants. The occupied units include a drugs store, second hand furniture store and a thrift store.. Long term lease on the drug store… when fully occupied gross income should be $ 48,000/ year on a NNN basis, which will return a cap rate in excess of 10%. This is a great investment opportunity to own a small strip mall at a steal of a price..

Directions:
across from old hotel in Bowden
Listed By RE/MAX real estate central alberta

Map

Walk Score

Agent on Duty


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