107 First Avenue W Cochrane, Alberta T4C 1A5
$1,999,000
Discover the potential with this commercial property nestled in the vibrant and growing town of Cochrane. Offering a generous 4,427 square feet, this historic site currently hosts a happy trifecta of long-standing tenants: a bustling beauty salon, a charming shoe store, and a well-stocked large bookstore. All tenants have a solid track record of over a decade and have expressed eagerness to renew their leases. With an appealing 6.2% cap rate, this property not only provides immediate, stable cash flow but also offers exciting prospects for future development. The zoning allows for a variety of uses, making it adaptable to changing business landscapes or increasing community needs. Strategically positioned, the property puts you within short walking distances to key community spots. It’s a hop away from the Cochrane High School and a skip to the M&M Food Market. Also, the picturesque views at Cochrane Park are just a stone's throw away, ensuring you're never far from a relaxing natural retreat. This downtown gem is perfect for investors looking to capitalize on Cochrane’s growth while securing a property steeped in community history. Whether you’re looking to maintain its current uses or explore new opportunities, this commercial space offers a foundation ripe with potential. (id:57810)
Property Details
| MLS® Number | A2215077 |
| Property Type | Retail |
| Community Name | Downtown |
| Parking Space Total | 6 |
| Plan | 2174h |
Building
| Constructed Date | 1970 |
| Size Exterior | 4427 Sqft |
| Size Interior | 4,427 Ft2 |
| Total Finished Area | 4427 Sqft |
| Type | Retail |
Land
| Acreage | No |
| Size Irregular | 6759.95 |
| Size Total | 6759.95 Sqft|4,051 - 7,250 Sqft |
| Size Total Text | 6759.95 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | C-hd |
https://www.realtor.ca/real-estate/28219204/107-first-avenue-w-cochrane-downtown
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