CAABMorinvilleSouthwest Morinville10701 100 Ave

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10701 100 Ave, Morinville, AB

Name: 10701 100 Ave, For Sale in Morinville - Zoocasa
Brand: RE/MAX Real Estate
SKU: 44802240
Price: 1690000 CAD

House

For Sale

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0020

MLS® 44802240

Overview

Key Facts

Type

Levels Commercial Sale

Size 3899 sqft

Garage

Taxes

Days Active 4

Lot Size 24829.2 SF

Approx. Age 2021

Avg. Price Per Sqft $433

MLS® Number 44802240

Property Address: 10701 100 Ave, Morinville, AB, T8R1A2

Average square foot calculated using Size range provided by listing agent.

Description

Prime Commercial Investment OpportunityThis exceptional 5-year-old commercial building offers a rare combination of modern construction and a high-visibility, prime location with ample parking. The property is currently 100% occupied by the three original tenants, all of whom have secured their long-term commitment by signing five-year lease extensions through 2031.The investment provides immediate and growing returns. Currently generating $84, 187 in annual revenue, the income is scheduled to increase to $88, 187starting in November 2026. Efficiency is maximized through a structure where all utilities, maintenance, and property taxes are managed as operational costs and paid directly by the tenants. At a list price of $1.69 million (plus applicable GST), this represents a stabilized cap rate of approximately 5.27%. This is an ideal acquisition for an investor seeking a turnkey, low-maintenance asset in a premium corridor with established tenancy and consistent revenue growth. Custom built by Atlas Premium Homes (id:58753)Show Description

MLS® Number44802240

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2021

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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