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$ 878,000
Est. payment | /mo
$ 878,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Vla Montrose
MLS® Listing ID A2223311
Year Built 1980
Annual Tax Amount $17,096
Tax Year 2025
Property Sub-Type Office
Source Grande Prairie
Property Description
FOR SALE: 100% Occupied Prime Office/Retail Building.
Welcome to a high-visibility, fully leased commercial investment opportunity situated on the prominent corner of 100 Street and 109 Avenue, with excellent exposure just off 100 Street.
This 6,855 sq. ft. two-storey office/retail building sits on 0.24 acres and features a durable red steel frame and concrete second floor—ideal for soundproofing and long-term structural integrity.
Property Highlights:
100% Occupied: Six Units, five tenants under net leases provide stable income.
8.82% cap rate based on 2025 annual projected Base Rent and increasing to 9% in 2026.
Professional Upgrades:
Refreshed common areas and updated washrooms
Renovated stairwell with new vinyl treads, LED lighting, and fresh paint
Main floor fully updated with carpet tile flooring and modern finishes
Solid Investment: Net leases in place with reliable tenancy
Prime Corner Location: High foot and vehicle traffic in a desirable commercial corridor
Please note: To respect tenant privacy, photos were taken prior to occupancy.
This is a turn-key investment opportunity in a well-maintained, income-generating asset. Contact your commercial REALTOR® today to arrange a private tour.
Welcome to a high-visibility, fully leased commercial investment opportunity situated on the prominent corner of 100 Street and 109 Avenue, with excellent exposure just off 100 Street.
This 6,855 sq. ft. two-storey office/retail building sits on 0.24 acres and features a durable red steel frame and concrete second floor—ideal for soundproofing and long-term structural integrity.
Property Highlights:
100% Occupied: Six Units, five tenants under net leases provide stable income.
8.82% cap rate based on 2025 annual projected Base Rent and increasing to 9% in 2026.
Professional Upgrades:
Refreshed common areas and updated washrooms
Renovated stairwell with new vinyl treads, LED lighting, and fresh paint
Main floor fully updated with carpet tile flooring and modern finishes
Solid Investment: Net leases in place with reliable tenancy
Prime Corner Location: High foot and vehicle traffic in a desirable commercial corridor
Please note: To respect tenant privacy, photos were taken prior to occupancy.
This is a turn-key investment opportunity in a well-maintained, income-generating asset. Contact your commercial REALTOR® today to arrange a private tour.
Location
State AB
County Grande Prairie
Zoning CA
Others
Restrictions None Known
Tax ID 91961203
Ownership Private
Listed by CommVest Realty Ltd.
Choosing us means partnering with a team that is committed to achieving your real estate goals with professionalism, integrity, and a personal touch.