$1,475,000
5601 31 ST Lloydminster, AB T9V 2H3
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$1,475,000
Est. payment /mo
0.82 Acres Lot
Active
5601 31 ST Lloydminster, AB T9V 2H3
UPDATED:
10/31/2024 06:15 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Steele Heights
MLS® Listing ID A2176122
Originating Board Lloydminster
Year Built 1984
Annual Tax Amount $15,960
Tax Year 2024
Lot Size 0.821 Acres
Acres 0.82
Property Description
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!
Location
Province AB
County Lloydminster
Zoning C3
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Inclusions TBD
Exterior
Roof Type Asphalt Shingle
Lot Frontage 208.0
Building
Lot Description Back Lane, City Lot, Corner Lot, Level, Paved
Structure Type Brick
Others
Restrictions None Known
Tax ID 56793413
Ownership Private
Listed by CENTURY 21 DRIVE
