604 1 Street S, Grassy Lake, Alberta T0K 0Z0

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$699,000

Exceptional Turnkey Investment Opportunity. This offering includes the land, a mixed-use building, a well-established grocery business, all equipment, and an above-ground fuel tank. As the only grocery store in town, the business serves as the central retail hub, providing a steady revenue stream from groceries, liquor, tobacco, lottery, and fuel (regular and diesel). The previous postal services have been upgraded to a Purolator depot for higher margins and simpler operations. The property is meticulously maintained and includes a newly built 1,200 sq. ft. residential home (2 bedrooms, 2 bathrooms) located directly next to the store—perfect for an owner-operator or as a rental property. The grocery store occupies 3,200 sq. ft. on a spacious 0.544-acre lot, offering significant room for expansion. The 2025 property assessment is $532,330, which includes the land, the commercial building, and the residential home. Annual property taxes are $6,606.62. This assessment and tax amount are for the real estate only and do not include the value of the business assets. Future growth potential includes upgrading the fuel infrastructure or adding a shop-in-shop food depot to meet rising local demand. With new residential developments currently under construction nearby, this is a rare chance to acquire a thriving business with real estate in a growing Alberta community. (id:55577)

Property Features

  • MLS® Number A2285879
  • Price $699,000
  • Square Footage: 3200 sqft
  • Plan 4555s

Business

Business Type Food Services and Beverage Business Sub Type Grocery

Buildings

Constructed Date 1982 Size Exterior 3200 Sqft
Size Interior 3200 Sqft Total Finished Area 3200 Sqft

Land

Acreage No Size Total Text Unknown
Zoning Description C

Agents and Offices

  • Jason Choi
  • Hwa Y. Jung
  • Office: First Place Realty

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