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$549,900
Est. payment /mo
4,259 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,259 sqft
Price per Sqft $129
Subdivision Central Business District
MLS Listing ID A2249826
Year Built 1958
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 66' X 122
Property Sub-Type Mixed Use
Property Description
This is a premier "turnkey" acquisition opportunity in the heart of downtown Grande Prairie. The current owner is prepared to offer a 12-month leaseback on the main floor (or a negotiated portion of the building),providing the purchaser with guaranteed Day 1 income. This unique arrangement mitigates vacancy risk and provides immediate debt-service coverage while the new owner stabilizes the asset or plans a long-term leasing strategy.
Asset Performance & Value-Add Potential
The building comprises ± 4,259 sq. ft. of versatile space across two levels,offering a low-barrier entry into the downtown core with high revenue potential:
Dual-Tenancy Model: Architecturally suited for a main-floor commercial tenant and an independent upper-level professional office or residential live/work suite.
Yield Projection: Based on current Central Commercial (CC) zoning trends,the property offers a conceptual gross income range of $43,000 – $70,000+ annually (depending on configuration and market verification).
Accessibility Advantage: The main floor is fully wheelchair accessible,targeting a high-demand,underserved niche for medical,legal,and government-agency tenancies.
Strategic Capital Improvements
Minimize near-term CAPEX and maximize ROI with recent high-value upgrades:
New Flat Roof (Recently installed)
Modernized exterior siding and professional entrance
Contemporary interior presentation aligned with neighboring modern developments
Site Flexibility & Future Upside
On-Site Parking: Situated on an 8,000 sq. ft. lot,providing the essential parking required for professional service firms.
Strategic Acquisition: An adjacent 33' x 122' lot is available for separate purchase,offering a rare "land-bank" opportunity for building expansion,additional parking,or a phased multi-use redevelopment.
Property Specifications
Total Building Size: ± 4,259 Sq. Ft.
Lot Size: 8,000 Sq. Ft. (Plus adjacent lot option)
Zoning: CC (Central Commercial) – supports professional,health,and educational uses.
Location: Prime Downtown core with high visibility and established foot traffic.
Ideal for owner-users seeking to build equity or investors looking for a value-add asset with immediate stability.
Additional information and the "Mixed-Use Business Supplement" are available upon request through your Commercial REALTOR®.
Asset Performance & Value-Add Potential
The building comprises ± 4,259 sq. ft. of versatile space across two levels,offering a low-barrier entry into the downtown core with high revenue potential:
Dual-Tenancy Model: Architecturally suited for a main-floor commercial tenant and an independent upper-level professional office or residential live/work suite.
Yield Projection: Based on current Central Commercial (CC) zoning trends,the property offers a conceptual gross income range of $43,000 – $70,000+ annually (depending on configuration and market verification).
Accessibility Advantage: The main floor is fully wheelchair accessible,targeting a high-demand,underserved niche for medical,legal,and government-agency tenancies.
Strategic Capital Improvements
Minimize near-term CAPEX and maximize ROI with recent high-value upgrades:
New Flat Roof (Recently installed)
Modernized exterior siding and professional entrance
Contemporary interior presentation aligned with neighboring modern developments
Site Flexibility & Future Upside
On-Site Parking: Situated on an 8,000 sq. ft. lot,providing the essential parking required for professional service firms.
Strategic Acquisition: An adjacent 33' x 122' lot is available for separate purchase,offering a rare "land-bank" opportunity for building expansion,additional parking,or a phased multi-use redevelopment.
Property Specifications
Total Building Size: ± 4,259 Sq. Ft.
Lot Size: 8,000 Sq. Ft. (Plus adjacent lot option)
Zoning: CC (Central Commercial) – supports professional,health,and educational uses.
Location: Prime Downtown core with high visibility and established foot traffic.
Ideal for owner-users seeking to build equity or investors looking for a value-add asset with immediate stability.
Additional information and the "Mixed-Use Business Supplement" are available upon request through your Commercial REALTOR®.
Location
Province AB
Zoning CC
Interior
Interior Features See Remarks
Inclusions refrigerator, window coverings, entrance lift
Fireplace No
Exterior
Garage No
Building
Dwelling Type Mixed Use
Others
Restrictions None Known
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Listed by RE/MAX Grande Prairie
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