Prime commercial opportunity located at one of the busiest intersections in Olds. This ±0.65-acre CH-zoned property offers approximately 6,700 sq. ft. of commercial space with strong visibility and access. Half of the building is currently leased to a mechanic shop at $3,500/month including operating costs, with a secure lease in place until 2028 plus renewal options, providing immediate and stable cash flow. The remaining space is vacant, allowing for value-add or owner-user potential. CH zoning allows for a wide range of permitted and discretionary commercial uses, offering excellent flexibility for investors or developers. A solid income property with long-term upside in a growing market. (id:55577)
Property Features
- MLS® Number A2275828
- Price $925,000
- Square Footage: 6700 sqft
- Plan 2652s
Buildings
| Constructed Date | 1953 | Size Exterior | 6700 Sqft |
| Size Interior | 6700 Sqft | Total Finished Area | 6700 Sqft |
Land
| Acreage | No | Size Irregular | 0.65 |
| Size Total | 0.65 Ac|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) | Size Total Text | 0.65 Ac|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) |
| Zoning Description | Ch |
Agents and Offices
- Ramesh Verma
- Office: Real Estate Professionals Inc.