125 Main STREET N Airdrie AB T4B 0R8
$ 10,880,000
Listing ID
#A2172159
Property Type
Retail
County
Airdrie
Neighborhood
Downtown
Year Built
1984
Days on website
205
Description
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 100% 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 $622,750 + amortization recovery of $57,800 which equals Total Net Revenue of $680,600 for 2025. Over the next ten years the total net revenue is projected to average $737,900 per annum.
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Location
Financial Information
List Price:
$ 10880000
Property Features
Accessibility Features:
Accessible Elevator Installed
Accessto Property:
On Major Traffic Route, Public Transportation Nearby, Two-Way Access
Cooling:
Central Air
Heating:
Floor Furnace, Forced Air, Natural Gas
Roof:
Tar/Gravel
Structure Type:
Mixed Use
Listed By:
Manchester Properties Inc.