$ 1.475.000

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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Address
Distance
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More Details?
Rita Baxter
  • Rita Baxter
  • CENTURY 21 DRIVE
  • 306-821-6112