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Business Centre With Excellent Revenue And Real Property For Sale

Calgary, Alberta, Canada
Asking Price:
$2,480,000 (CAD)
Sales Revenue:
$100K - $250K (CAD)
Cash Flow:
$100K - $250K (CAD)

Operating as a business centre in an upscale neighbourhood for 13+ yrs, with over 20 offices, reception, kitchens, good parking, excellent exposure/visibility. Nearly 100% occupancy outside of the pandemic years.

Medical use/zoning potential. Would make an excellent health centre providing any number of health services from dermatology to psychology to massage, orthodontics, dentistry etc., especially with Alberta Government plans to allow more private health services. Could be used for an owner operator who only leases parts of the building, as well.

Great buy and hold investment while redevelopment plans are explored, with current revenues covering costs. Major redevelopments and increasing densities in the area.

Commercial building of over ~6000 sqft, (lot is 50'*125') in a unique, upscale inner city location.

Niche situation providing exceptional rental rates. Great passive income.
Much more information available with an NDA

Property Information

Real Estate:

Real Property Included

Living Accommodation:

building is zoned for residential and office space, but is not used for residential currently

Location:

Higher end neighbourhood with a business district, close to downtown

Premises Details:

Building is about 6000 sqft, with about 400 sqft as storage

Size in square feet:
50x125 = 6265 sqft
Planning Consent:

currently zoned for residential and office use, neighbouring property successfully changed to medical use/zoning

Business Operation

Expansion Potential:

the business centre could rent out more spaces than it does currently, with no construction. 2 more offices would be easy to add with construction. reception services could be provided and charged for. Self-serve custom coffee machines can generate decent revenue. parking could be charged for.

Competition / Market:

none in the area

Years established:
13

Other Information

Support & training:

owner willing to stay involved for a period

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

potential for vendor financing