Property Details

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204 4 Avenue NW
Slave Lake (A2276052)

$519,900
2,929 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

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

Description

Well-located downtown commercial building offering excellent flexibility for investors or owner-users. This 2,930 sq/ft building is situated on a 6,100 sq/ft C1-zoned lot with ample parking at both the front and rear, surrounded by shops, banks, schools, and key services. Constructed with concrete grade beams and slab, wood-frame structure, concrete block with vinyl clad exterior, and a tar and gravel roof, the property features 200-amp electrical service, high-efficiency gas furnaces replaced in 2018, two A/C units (one replaced in 2021), and several recent interior renovations including flooring and paint. The building is currently configured as three separate units with a layout that allows easy conversion to two units, four units, or a single large space. One unit offers two offices and a reception area, another includes four offices and a staff room and could easily be divided into two separate units, and finally one unit is currently operated as a hair salon with a staff room and a private office. Two units are leased to a single tenant with a common hallway providing access to two renovated washrooms and the mechanical room, while the other is occupied by the seller, who is open to negotiating a lease with a new owner. An excellent opportunity to acquire a flexible, income-producing commercial property in Slave Lake’s core commercial area with established tenants, plenty of nice renovations and strong future upside.

Property details

Basic Info

MLS® #
A2276052
Property Type:
Commercial
Subtype:
Mixed Use
Subdivision:
NONE
Price
$519,900
Sale/Lease:
For Sale
Size:
2,929 sq.ft.
Year Built:
1985 (40 years old)

Building Info

Structure Type:
Multi Unit
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Zoning:
C1

Materials & Systems

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

Listing Info

Possession:
60 Days / Neg
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Grassroots Realty Group Ltd.
1-833-477-6687

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