10219 100th Ave - Storefront FOR SALE


Morinville, AB T8R 1R9
$1,450,000 CAD
780-278-0088
10219 100th Ave, Morinville, AB for Sale
$1,450,000 CAD
Storefront - FOR SALE
1/7
null | Request Cap Rate

10219 100th Ave
Morinville, AB T8R 1R9


HIGHLIGHTS

  • Mixed-use property with self-storage, retail, and residential components.
  • Approximately 1.79-acre site with extensive on-site parking.
  • Includes 48 self-storage units with room for future expansion.
  • Multiple value-add opportunities through renovation and repositioning.
  • Additional parking parcels provide future redevelopment potential.

OVERVIEW

Value-add mixed-use investment opportunity featuring 48 self-storage units, commercial storefronts, apartment units, and extensive parking on approximately 1.79 acres. Vacant and underutilized areas provide potential for renovation, expansion, and future redevelopment. Property A (10219 – 100th Avenue) is a mixed-use development that was constructed in phases. As at the effective date, the property was demised as a former hotel that was being operated as apartment accommodations (which has now been demolished), and a strip retail section demised into six bays along the frontage onto 100th Avenue. The retail bays are occupied by two restaurants, a cannabis retailer, a phone repair/accessory retailer, one bay that is vacant that was utilized for indoor mini storage, and one bay that is vacant that was previously occupied as a religious assembly. The upper-level residential suites consist of small studio suites with a bedroom/living space, and 4-piece washroom. The apartments are considered to be in disrepair and require renovation before leasing. Property B (10213 – 100th Avenue) is located to the immediate east of Property A, across an alleyway. It entails a 13,020 square foot lot that has a depreciated compacted gravel surface and is being utilized as a parking lot. Property C (9919 – 103rd Street) is located adjacent to the south (rear) of Property A and is being utilized as parking. It has a depreciated compacted gravel surface. Property D (9913 – 103rd Street) is located adjacent to the south of Property C and serves as an extension of the parking area. Properties C and D have potential for assemblage with Property A, should demand ever warrant redevelopment of the improvements developed on Property A.

FOR SALE DETAILS

PRICE

$1,450,000 CAD

PRICE/SF

$30 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

C1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David ParkerNorthfield Commercial Real EstateMore Info
780-278-0088

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David ParkerNorthfield Commercial Real EstateMore Info
780-278-0088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.