Property
Type, style and structure
- Type
- commercial
- Style
- retail / Retail
2.46 ac
Lot
Property Snapshot
Key details for this listing
MLS #45456055
Lot
Land, frontage and setting
- Lot
- 2.46 ac - 107239.61875906945
Costs
Price, taxes and monthly charges
- List Price
- $4,800,000
- Days on Market
- 58
About This Property
This retail in Lacombe offers a 2.46 ac lot. The property has lot dimensions of 107239.61875906945.
MLS Remarks
Exceptional Newly Built Commercial Investment Opportunity in Lacombe, Alberta.An outstanding opportunity to acquire Lot 2 at Midway Centre, a newly developed commercial investment property strategically positioned in Lacombes growing commercial and residential corridor. Offered at $4,800,000, this approximately 2-acre property provides established income, a diversified tenant profile and meaningful long-term growth potential as the surrounding Midway development expands.The property features approximately 10,000 sq. ft. of modern commercial space, excellent visibility, ample parking and convenient access to Henderson Way and the surrounding transportation network.INVESTMENT HIGHLIGHTSAsking Price: $4,800,000Approximately 10,000 sq. ft. fully leased.Newer construction with limited immediate capital requirementsDiversified tenant mixCurrent annual base rent: approximately $250,145Operating-cost recoveries: approximately $79,840Total current tenant payments: approximately $329,985 annuallyStrong potential for future rental growth and stabilizationExcellent exposure, accessibility and on-site parkingLocated within a growing residential and commercial development areaDIVERSE TENANT PROFILEComplementary food service, café, retail, liquor, professional-service and personal-care tenants provide diversified income and reduce reliance on a single occupant.FUTURE HEALTHCARE OPPORTUNITYThe broader Midway Centre development presents the potential for a 10,000 sq. ft. community healthcare and wellness centre, subject to development, leasing and municipal approvals. Potential uses may include primary care, walk-in services, visiting physicians and specialists, pharmacy, allied healthcare, seniors and wellness services, and complementary medical professionals.This future development could further strengthen Midway Centre as a regional commercial, healthcare and community-services destination while creating additional rental income and long-term value.LOCATION & GROWTHLacombe is strategically located in Central Alberta between Edmonton and Calgary and benefits from proximity to Red Deer, the QEII transportation corridor and expanding residential development. Midway Centre is positioned to serve both the existing Lacombe population and surrounding communities.INVESTMENT POSITIONINGLot 2 offers investors the opportunity to acquire a newer, income-producing commercial asset in a growing Alberta secondary market, combining immediate rental income with potential future lease-up, rental growth, development and appreciation.A rare opportunity to acquire a modern commercial investment with established tenancy, diversified income and significant long-term growth potential in Central Alberta. (id:60351)
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