10
See all 10 photos
$1,815,000
Est. payment /mo
21,506 SqFt
New
2-24 Main Street SE Falher, AB T0H1M0
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 21,506 sqft
Price per Sqft $84
MLS® Listing ID A2191212
Originating Board Grande Prairie & Area Association of REALTORS®
Year Built 1974
Lot Size 2.540 Acres
Acres 110642.4
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. With a 2024 net operating income of $163,384.15, 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! (id:24570)
Location
Province AB
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by Sutton Group Grande Prairie Professionals