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617 1 Street Sw, High River, T1V 1A2

$2,750,000

Property ID: 4461802 For Sale


Excellent investment property in downtown High River, with a graduating lease in place from $19.00 per sq/ft to $25.00 per sq/ft triple net over five years with an option. Recently renewed long term tenants in place, cap rate now at 7.5% with upside to year 5. Well cared for, low maintenance, on-site parking and property management service available locally to non-resident investors.

Essential Information
Property ID4461802
MLS® #C4271470
Price$2,750,000
Square Footage10,094
Year Built1980
TypeCommercial
Sub-TypeOffice
StatusActive
Community Information
Address617 1 Street Sw
SubdivisionOld Rodeo Grounds
CityHigh River
CountyFoothills County
ProvinceAlberta
Postal CodeT1V 1A2
CountryCanada
Interior
HeatingForced Air
CoolingCentral Air
Exterior
Lot UnitAcres
Lot Description

Back Lane, Landscaped, Level, Street Lighting, See Remarks, Views

Additional Information
Days on Market353
ZoningCBD

Designations

Listed By Blair Gordon of CENTURY 21 FOOTHILLS REAL ESTATE

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Listing information last updated on September 26th, 2020 at 2:21am MDT.