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Courtesy of Taeho Ro of Initia Real Estate
Contact for address
$3,490,000
Business with Property
- Status:
- Active
- Prop. Type:
- Business with Property
- MLS® Num:
- E4357542
- Bus Major:
- Automotive
- Bus Minor:
- Gas station
- Build. Type:
- Freestanding
- Photos (6)
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Investors and entrepreneurs alike can benefit from this exceptional opportunity. Welcome to a highly lucrative commercial property that could be your next golden investment. This property features an exclusive convenience store and gas bar, strategically positioned to dominate local customer traffic. What's more, it includes an attached liquor store, diversifying your income streams. Strategically located along Highway 12, this property is a wise choice for astute investors. It underwent significant renovation and modernization in 2013, with a substantial $400,000 investment in upgrades. These enhancements include Double wall fibreglass underground fuel tanks, upgraded fuel pumps, POS system, video surveillance system, roofing improvements, and energy-efficient LED lighting. The convenience store and washrooms were remodelled in 2019, and a brand-new liquor store with a walk-in beer cooler was constructed in 2020.
- Sale Type:
- Asset or Share
- Transaction Type:
- For Sale
- Property Type:
- Business with Property, Retail
- Major Bus Type:
- Automotive
- Minor Bus Type:
- Gas station
- Construction:
- Wood Frame
- Building Type:
- Freestanding
- # Units:
- 0
- Year built:
- 1972 (Age: 52)
- Total Floor Area:
- 3,668 sq. ft.340.77 m2
- Lot Area:
- 34,444.51 sq. ft.3,200 m2
- Heating Source:
- Natural Gas
- Plan:
- 3120RS
- Title to Land:
- Freehold
- LINC Number:
- 0016691248
- HVAC:
- Rooftop
- Power Type:
- Medium Power 200-399 Amps
- Num. of Parcels:
- 1
- Cap Rate %:
- 13.0
- Net Operating Income:
- $460,000
- Days On Website:
- 282 day(s)282 day(s)
Data was last updated June 16, 2024 at 04:30 PM (UTC)
- Hyun Biagi
- Initia Real Estate
- (780) 996-3836
- Contact by Email
- Jason Biagi
- Initia Real Estate
- (780) 709-7829
- Contact by Email
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