Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
Airdrie, AB T4B 0R8,125 Main ST N
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$ 10,880,000
Est. payment | /mo

Save
$ 10,880,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Downtown

MLS® Listing ID A2172159

Originating Board Calgary

Year Built 1984

Annual Tax Amount $20,400

Tax Year 2024

Property Description

This is an excellent opportunity for a savvy investor to acquire the Airdrie Town Centre: a prime investment opportunity within the ‘Downtown Revitalization Plan Area’ making it a very desirable property to own in the short and long term.
This property is located on Main Street with great curb appeal, drive by visibility, on site parking (59 stalls) and a brand-new elevator (2023) servicing the second floor.
This building is 97% occupied with only one vacancy of 900 sq. ft. which the owner is actively marketing for lease. The property is tenanted by quality tenants with 74% of the building leased until March of 2033.
Current Net Rental income is $612,600 + amortization recovery of $47,900 which equals Total Net Revenue of $660,400 for 2024. Total Net Revenue is projected to increase to $673,800 in 2025 and over the next ten years is a projected average of $718,800 per annum.
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Location

Province AB

County Airdrie

Zoning M3

Interior

Heating Floor Furnace, Forced Air, Natural Gas

Cooling Central Air

Exterior

Roof Type Tar/Gravel

Accessibility Accessible Elevator Installed

Total Parking Spaces 59

Others

Restrictions Call Lister

Tax ID 56466188

Ownership Private

Listed by Manchester Properties Inc.

GET MORE INFORMATION

Justin Newman

Agent | License ID: 00540392

+1(403) 668-1272

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REVIEWS

Justin Newman was wonderful to work with. He helped us through an emotional time as we had to sell our family home that my parents had lived in for over 50 years. His vast experience and knowledge was valuable throughout this process. He walked us through everything and answered all questions in a manner that was easy to understand. He always made himself available and we appreciated his insight. He told us what was needed to sell the home and, when we were ready, listed the home in a wide variety of online venues. The photos and drone views of the home and area were incredible and added to helping to sell our family home quickly. He held open houses in a very short period of time after listing it, and also helped us navigate the multiple offers we received. Our family home sold quickly. We have nothing but positive things to say about the honesty, trustworthiness, and integrity of Justin and would highly recommend him if you are looking to sell or buy a home. We would not hesitate to use his services again.

Dean Hunter