$ 929.900

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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More Details?
Russ Austin
  • Russ Austin
  • CIR Realty
  • 403-835-4100

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