7 & 9 ST ANNE ST Active

St. Albert,AB T8N 2X4

$ 8500000

- Bed

- Bath

47024 SqFt


Key Details

Property Type Commercial

Sub Type Office,Retail

Listing Status Active

Purchase Type for sale

Square Footage 47,024 sqft

Price per Sqft $180

MLS Listing ID E4377078

Year Built 1977

Property Description

7 & 9 St. Anne Street is an excellent opportunity for an owner/user looking to own and occupy a building with strong rental income from existing tenants or Investors looking to create value with renovation, lease-up or potential condominiumization of the property. This property is an attractive location just off St. Albert Trail in the downtown region and overlooks the Sturgeon River. The building is currently 61% occupied by Tenants with Net Leases in place. 39% of the building is available for owner/user occupancy or re-lease to new Tenant's. The current net income of $482,000.00 per annum in place (June 1, 2024), potential Proforma income of $764,812.00 per annum. There are medical/office vacancies with a variety of subdivision options including 8,213 Sq.Ft. +/- of nicely finished main floor space (availble June 1, 2024). There are 20 covered parking stalls and 102 surface parking (2.2 stalls per 1,000 Sq. Ft.).

Location

Province AB

Community Downtown (St. Albert)

Area St. Albert

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