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$ 1,815,000
Est. payment /mo
Active
2-24 Main ST Southeast Falher, AB T0H 1M0
2.54 Acres Lot
UPDATED:
02/28/2025 07:15 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2191212
Year Built 1964
Lot Size 2.540 Acres
Acres 2.54
Property Sub-Type Retail
Property 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!
Location
State AB
County Smoky River No. 130, M.d. Of
Zoning C1
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Roof Type Flat,Tar/Gravel
Total Parking Spaces 100
Building
Lot Description Back Lane, Irregular Lot
Dwelling Type Retail
Foundation Poured Concrete
Structure Type Concrete,Other
Others
Restrictions None Known
Tax ID 93834854
Listed by Sutton Group Grande Prairie Professionals