This property is listed by Derek Claffey, Ryan Brown of Nai Commercial Real Estate Inc.
Data was last updated 2024-05-11 at 19:57:51 GMT
$8,500,000

7 & 9 ST ANNE ST   St. Albert, AB

MLS®: E4377078
URL:    
7 & 9 St. Anne Street is an excellent opportunity for an owner/user looking to own and occupy a building with strong rental income from existing tenants or Investors looking to create value with renovation, lease-up or potential condominiumization of the property. This property is an attractive location just off St. Albert Trail in the downtown region and overlooks the Sturgeon River. The building is currently 61% occupied by Tenants with Net Leases in place. 39% of the building is available for owner/user occupancy or re-lease to new Tenant's. The current net income of $482,000.00 per annum in place (June 1, 2024), potential Proforma income of $764,812.00 per annum. There are medical/office vacancies with a variety of subdivision options including 8,213 Sq.Ft. +/- of nicely finished main floor space (availble June 1, 2024). There are 20 covered parking stalls and 102 surface parking (2.2 stalls per 1,000 Sq. Ft.).

Listing Information

Prop. Type:
Office
Status:
Active
City:
St. Albert
MLS® Number:
E4377078
Neighbourhood:
Downtown_SALB
Area:
St. Albert
Province:
AB
Listing Price:
$8,500,000

General Information

Year Built:
1977
Zoning/Land Use Code:
For Sale
Region:
St. Albert

Additional Information

Plan:
7822207
Legal Block:
5
Legal Lot/Unit:
61

Other Information

Land Size Hectares:
0
Building Type:
Mixed Use, Multi Tenant/Multi Plex, Office Buildin

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Anu Khullar
RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
Office: 780-439-7000
Fax: 866-293-5424
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.