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Listed by Wesley B Henderson • Coldwell Banker Mountain Central
$ 900,000
$ 900,000
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 44106092
Year Built 1910
Property Description
Prime Value-Add Commercial Investment Opportunity – Camrose, AlbertaCAPITALIZATION RATE 7% - 14% WITH ADDITIONAL SPACEAn exceptional value-add commercial investment located in the heart of Camrose, Alberta, featuring a well-maintained Two-storey building anchored by The Marrow Restaurant & Lounge, a highly regarded upscale dining establishment and strong destination tenant.The property is currently leased on a triple-net basis and produces a solid 7% capitalization rate with the main floor tenant in place, offering immediate and stable cash flow.The true upside lies in the development potential of the additional two floors, consisting of approximately 6,000 square feet across the second floor and basement. These levels are well suited for a variety of uses (office, professional services, retail, or complementary hospitality concepts), providing a clear path for a new owner to significantly increase income. For Example:Existing Lease $13 a sq ft x 6000 sq ft = $78,000 base rent divided by $1.1 Million for
Location
Province AB
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