Commercial Property for Sale

Courtesy of Heather Malin of RE/MAX Vision Realty

Property For Sale In Drayton Valley, Brazeau

 Commercial Property for Sale, MLS® # E4369083

This property is in the downtown core with great exposure & lots of public parking to the west of the building as well as street parking. Currently there are 4 tenants and room for more. There is a general assessment for 2022. Current rent is $48,240.00 per year. The front end used to have a restaurant which would increase the rent substantially. Expenses run around $18,000 annually which includes the insurance, taxes, utilities, maintenance & snow removal. The owner is currently paying these expenses. A party wall agreement is in process of being completed. The roof is torch on, the 2 furnaces are set up with air conditioning. Recently the furnaced were serviced professionally. There are 3 hot water tanks in the building. One is due to be replaced. There are 2 common area bathrooms. In 1990 the windows and framing were renovated. Gas meters were switched to one bill to save on costs & could be reversed. There are no leases or damage deposits with the tenants.

Contact Elisse Moreno About MLS® E4369083

Required Field

Elisse Moreno, 1.587.400.SOLD (7653) at Elisse Moreno (REALTORS® with RE/MAX Real Estate), Suite 200, 10835 – 124th Street NW, Edmonton, Alberta, T5M 0H4

property information

  • Property Type: Commercial Property
  • MLS®#: E4369083
  • Year Built: 1961
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Community Information

  • Neighbourhood: Drayton Valley
  • City: Brazeau
  • Postal Code: T7A 1J7
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$399,000

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