10201 100 Av

3,200 SF 100% Leased Office Building Morinville, AB T8R 1P9 $322,219 USD ($101 USD/SF) 8% Cap Rate

INVESTMENT HIGHLIGHTS

  • Right on Main street in Morinville
  • Building had benefited from major infrastructure upgrades in 2010 to the plumbing, electrical and heating.
  • Close to the Civic Center

EXECUTIVE SUMMARY

Attention investors !Right on Main street in Morinville close to the Civic Center . This two story mixed commercial/ residential building boasts over a 8 cap rate and could easily be bumped up to double digit returns with adjustments of leases. Built in 1910 , this building had benefited from major infrastructure upgrades in 2010 to the plumbing, electrical and heating. Main floor offers over 2000 square feet of office retail, currently leased to a law firm. Bright open reception area with 2 offices in the back. The second floor offers a three bedroom unit with hardwood floors, and a one bedroom unit also updated. Great revenue property to add to your portfolio

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,200 SF
Building Class
B
Year Built
1910
Price
$322,219 USD
Price Per SF
$101 USD
Cap Rate
8%
NOI
$25,778 USD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,600 SF
Zoning
MU - Mixed Use
Walk Score®
Very Walkable (72)
  • Listing ID: 34007928

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 10201 100 Av, Morinville, AB T8R 1P9