Discover the potential with this commercial property nestled in the vibrant and growing town of Cochrane. Offering a generous 4,427 square feet, this historic site currently hosts a happy trifecta of long-standing tenants: a bustling beauty salon, a charming shoe store, and a well-stocked large bookstore. All tenants have a solid track record of over a decade and have expressed eagerness to renew their leases. With an appealing 6.2% cap rate, this property not only provides immediate, stable cash flow but also offers exciting prospects for future development. The zoning allows for a variety of uses, making it adaptable to changing business landscapes or increasing community needs. Strategically positioned, the property puts you within short walking distances to key community spots. It’s a hop away from the Cochrane High School and a skip to the M&M Food Market. Also, the picturesque views at Cochrane Park are just a stone's throw away, ensuring you're never far from a relaxing natural retreat. This downtown gem is perfect for investors looking to capitalize on Cochrane’s growth while securing a property steeped in community history. Whether you’re looking to maintain its current uses or explore new opportunities, this commercial space offers a foundation ripe with potential. (id:55577)
Property Features
- MLS® Number A2215077
- Price $1,999,000
- Square Footage: 4427 sqft
- Property Type: Retail
- Community Name: Downtown
- Parking Space Total 6
- Plan 2174h
Buildings
| Constructed Date | 1970 | Size Exterior | 4427 Sqft |
| Size Interior | 4427 Sqft | Total Finished Area | 4427 Sqft |
| Type | Retail |
Land
| Acreage | No | Size Irregular | 6759.95 |
| Size Total | 6759.95 Sqft|4,051 - 7,250 Sqft | Size Total Text | 6759.95 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | C-hd |
Agents and Offices
- KS Malhi
- Jatinder Singh
- Office: RE/MAX Irealty Innovations