2 3 505 Railway Street W, Cochrane
- Living area: 2864.71 square feet
- Type: Commercial
- Added: 21 days ago
- Updated: 13 days ago
- Last Checked: 17 hours ago
Discover a unique chance to acquire a strategically located Commercial Real Estate Asset in a bustling Downtown Cochrane on Railway Street. This offering includes three combined Main Floor Commercial Condo units, totaling 2865 sq ft. Lease to 2 tenants, 2321 sq ft leased to Broker Link, with a secure lease in place until mid-2027. Additionally, a 543 sq ft unit is leased separately for the same favorable time period. Excellent Location: Positioned on a busy thoroughfare, ensuring high visibility and foot traffic. Ideal Tenants: Broker Link is a reputable tenant, enhancing the stability of your investment. Strong Condo Association: Well-managed with robust financials, providing peace of mind for investors. Ample Parking: Abundant parking options for tenants and clients, and only 1/2 a block from the Cochrane transportation hub adding convenience. Attractive Space: Well-maintained units that appeal to businesses looking for prime commercial real estate so if this ever becomes vacant it will be easily re-rented. The seller initially acquired this property as a retirement investment, and now, it’s time to pass the torch. This is an exceptional opportunity for investors seeking reliable income streams in a thriving location. For further details, be sure to check the attached photos and supplementary materials. Don’t miss out on this prime investment! Contact your REALTOR® or the listing agent for more details. (id:1945)
Property DetailsKey information about 2 3 505 Railway Street W
- Heating: Hot Water
- Year Built: 2006
- Structure Type: Offices
- Exterior Features: Brick, Vinyl siding
- Building Area Total: 2864.71
- Construction Materials: Wood frame
- Total Area: 2865 sq ft
- Combined Units: 3
- Leased Units: 2
Interior FeaturesDiscover the interior design and amenities
- Living Area: 2864.71
- Above Grade Finished Area: 2864.71
- Above Grade Finished Area Units: square feet
- Condition: Well-maintained units
- Appeal: Attractive space for businesses
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 2 3 505 Railway Street W
- Parking: Ample parking options
- Accessibility: Only 1/2 a block from the Cochrane transportation hub
Location & CommunityUnderstand the neighborhood and community
- Common Interest: Condo/Strata
- Street Dir Suffix: West
- Subdivision Name: Downtown
- Area: Cochrane
- Street: Railway Street
- Visibility: High visibility and foot traffic
- Thoroughfare: Positioned on a busy thoroughfare
Business & Leasing InformationCheck business and leasing options available at 2 3 505 Railway Street W
- Existing Lease Type: Gross
- Tenant 1: Name: Broker Link, Leased Area: 2321 sq ft, Lease Duration: Until mid-2027
- Tenant 2: Leased Area: 543 sq ft, Lease Duration: Until mid-2027
- Investment Purpose: Initially acquired as a retirement investment
Property Management & AssociationFind out management and association details
- Association Fee: 1415.19
- Condo Association: Well-managed with robust financials
Tax & Legal InformationGet tax and legal details applicable to 2 3 505 Railway Street W
- Tax Lot: 230, 229, 227
- Tax Year: 2024
- Parcel Number: 0035897248
- Tax Annual Amount: 9727.37
- Zoning Description: C-G
Additional FeaturesExplore extra features and benefits
- Investment Opportunity: Exceptional opportunity for reliable income streams
- Re Rent Potential: Easily re-rented if vacant
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