| Location |
4919 - 50th Street, Athabasca,
Alberta |
| Legal Address |
Lot 10A & 10B (Separate
titles)
(One lot is vacant)
Block 2
Plan 862 - 2349 |
| Possession |
Negotiable |
| Age |
Historic brick building of 1930 era |
| Style |
2 story |
| Size |
27 X 80 |
| Price |
Reduced
to 85,000.00. A net return of 11.3%! Act now to get the
advantage of low interest rates! |
Comments:
 The
main floor is divided into 3 shops but one tenant presently occupies 2
areas. The building is fully tenanted showing a net return of approx
10%. In 1986 the main floor was upgraded to 1986 building codes. The top
floor is divided into a former rooming house but is presently used for
storage. This offers great potential if renovated to current fire
regulations. Some ideas could be offices for rent! Great project for
home handy person!
 The
building has 2 fire rated furnace rooms, concrete basement under the
back portion and an 8 foot cellar under the remainder of the building.
The building stands on a 30 foot lot in the center of the main business
section on the main highway through town. A high volume of passing
traffic.
Athabasca has a population of 2500 with room to
expand. It is situated 2 hours drive North of Edmonton and 3 hours drive
from Fort McMurray, home of the Oil Sands development. The town services
the industries of farming, forestry and oil over a large geographical
area. This could be an ideal place to establish a service to Fort
McMurray eliminating some of the huge overheads of the Fort McMurray area.
 The
Town supports a university and is a satellite station for Portage
College. The town is a thriving rural community with great potential.
To view the property please arrange an appointment by
emailing kfolstad@familyfarmers.com
|
