5601 31 Street, Lloydminster
- Living area: 10186 square feet
- Type: Commercial
- Added: 5 days ago
- Updated: 4 days ago
- Last Checked: 14 hours ago
For Sale: Prime Investment Opportunity - 5-Bay Mini Mall in Lloydminster, Alberta. This meticulously maintained 5-bay mini mall offers an exceptional investment opportunity in a prime location within Lloydminster, Alberta. With a reliable lineup of long-term tenants and an attractive cap rate, this property is ideally suited for investors seeking a stable income-generating asset. Key Highlights: Long-Term Tenants: The mini mall has a robust tenant base, ensuring steady cash flow with low vacancy risk. These long-standing tenants are established businesses that bring consistent foot traffic and serve the needs of the local community. Strategic Location: Positioned across from local schools and within close proximity to Bud Miller Park, shopping centers, a hockey rink, and other popular amenities, the mall benefits from a high-visibility, high-traffic location. This prime spot appeals to both tenants and customers, enhancing the property's long-term desirability. Exceptional Maintenance Standards: The building's upkeep is managed by quality contractors under comprehensive service contracts, ensuring that both the exterior and interior are well-maintained with minimal interruptions. This commitment to maintenance not only preserves the property's aesthetic and structural integrity but also provides peace of mind for potential investors. Strong Cap Rate: This property offers an attractive cap rate, positioning it as an excellent income-generating asset with significant growth potential. This mini mall is an ideal investment for those looking to capitalize on the economic stability of Lloydminster and the enduring appeal of a well-located commercial property. Whether you are a seasoned investor or looking to diversify your portfolio, this property offers both security and potential for future appreciation. Don’t miss out on this prime investment opportunity in Lloydminster! (id:1945)
Property Details
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas
- Year Built: 1984
- Structure Type: Retail
- Exterior Features: Brick
- Building Area Total: 10186
- Type: 5-Bay Mini Mall
- Condition: Meticulously maintained
- Income Generation: Stable income-generating asset
- Cap Rate: Attractive
Interior Features
- Living Area: 10186
- Above Grade Finished Area: 10186
- Above Grade Finished Area Units: square feet
- Tenant Base: Robust with long-term tenants
- Foot Traffic: Consistent due to established businesses
Exterior & Lot Features
- Lot Features: Back lane, Level
- Lot Size Units: square feet
- Lot Size Dimensions: 35758.68
- Maintenance: Managed by quality contractors under comprehensive service contracts
- Aesthetic Integrity: Well-maintained exterior and interior
Location & Community
- Common Interest: Freehold
- Subdivision Name: Steele Heights
- Proximity To Schools: Across from local schools
- Nearby Amenities: Bud Miller Park, Shopping centers, Hockey rink
- Visibility: High-visibility, high-traffic location
Property Management & Association
- Management: Quality contractors for maintenance
- Service Contracts: Comprehensive service contracts in place
Business & Leasing Information
- Tenants: Established businesses with steady cash flow
- Vacancy Risk: Low
Utilities & Systems
- Not Specified: No details provided
Tax & Legal Information
- Tax Lot: 29
- Tax Year: 2024
- Tax Block: 34
- Parcel Number: 0011076437
- Tax Annual Amount: 15960.37
- Zoning Description: C3
- Not Specified: No details provided
Additional Features
- Economic Stability: Capitalizes on the economic stability of Lloydminster
- Future Appreciation: Potential for future appreciation
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