Property Details

Featured in:

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Featured in:

Winners:

2-24 Main Street SE
Falher (A2191212)

$1,815,000
21,506 ft²
Note: This property may have a conditional offer. Talk to us for details.
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Exceptional Multi-Tenant Commercial Investment located in Falher, AB. This is an outstanding opportunity to acquire a well-established commercial property in the heart of Falher. This ±21,506 sq. ft. multi-tenant building is prominently located on Main Street, offering excellent visibility, steady foot traffic, and convenient access for tenants and customers. As a staple asset within the community, this property has a proven track record of stability and long-term occupancy, making it a low-risk, high-reward investment. The building is fully leased to a diverse mix of five long-term tenants, including ATB Financial, Falher Foods, Canada Post, a Barber, and BrokerLink. These well-established businesses contribute to the property’s reliability and long-term income security. The leases are structured as triple net agreements, ensuring minimal operational expenses for the owner while providing a stable 9% capitalization rate. This asset offers investors a consistent and predictable revenue stream. The property has been well maintained and features a large paved parking area, enhancing accessibility for both tenants and customers. Its prime Main Street location ensures high exposure, further strengthening tenant retention and long-term value appreciation. This is an exceptional opportunity to acquire a turnkey, income-generating commercial property with secure long-term revenue, minimal management responsibilities, and strong financial performance. This asset provides immediate and sustainable returns, whether as a portfolio addition or a stand-alone investment. Book your showing today!

Property details

Basic Info

MLS® #
A2191212
Property Type:
Commercial
Subtype:
Retail
Subdivision:
NONE
Price
$1,815,000
Sale/Lease:
For Sale
Size:
21,506 sq.ft.
Year Built:
1964 (61 years old)

Building Info

Structure Type:
Retail
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Lot Size:
2.54 acres
Lot Features:
Back Lane, Irregular Lot
Zoning:
C1

Materials & Systems

Roof:
Flat, Tar/Gravel
Exterior:
Concrete,Other
Foundation:
Poured Concrete
Heating:
Forced Air, Natural Gas
Cooling:
Central Air

Listing Info

Possession:
Negotiable
Days on Market:
91
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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