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$ 3,400,000
Est. payment | /mo
1.19 Acres Lot
$ 3,400,000
Est. payment | /mo
1.19 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Hawkridge Estates
MLS® Listing ID A2168434
Year Built 2014
Lot Size 1.190 Acres
Acres 1.19
Lot Dimensions 0.00X0.00
Property Description
Great investment opportunity for this busy fully leased strip mall in the thriving town of Penhold, with solid long term tenants. This well constructed strip mall was built in 2014 (HAWKRIDGE MARKET SQUARE) on 1.19 acres the corner of highway 2a and Hawkridge Blvd. ( also one block from highway 42 that accesses highway QE2) in a busy shopping centre with numerous tenants in the surrounding CRU properties including Canada Post, IGA, Dairy Queen, Tim Hortons, Subway, IDA, Dentist, Doctors office etc. Penhold is a booming town located 7 minutes from Red Deer, with the relatively recent addition of a Multiplex, new High school, new residential subdivision. Population in the immediate trading area is close to 3000 people and growing with more than 6000 cars drive by everyday seasonally. The building is divided into 10 separate units each with their own HVAC (some tenants occupy more than one unit). Total building square footage is 12670 sq. ft. Tenants include Antler Hill Veterinarian Clinic, Blair's Liquor Store, Piece By Piece Nutrition Inc. , Mullets Barber Shop, Arashi Do Martial arts, Organic Oasis Spa & Salon Ltd. and Oh My Vape. This is the only strip mall in the immediate shopping district which can operate a liquor store (restrictive covenant for surrounding retail in place). CURRENTLY GENERATES $226568/YR NET INCOME WITH ESCALATORS IN PLACE.
Location
Province AB
County Red Deer County
Zoning C2
Interior
Heating Natural Gas
Cooling Full
Inclusions NONE
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Membrane
Building
Lot Description Irregular Lot
Dwelling Type Mixed Use
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Metal Frame,Stone,Stucco
Others
Restrictions Restrictive Use Clause
Tax ID 92002622
Listed by RCR - Royal Carpet Realty Ltd.