1403 Central Ave - Retail FOR SALE


Prince Albert, SK S6V 7J4
$5,800,000 CAD
780-246-1832
1403 Central Ave, Prince Albert, SK for Sale
$5,800,000 CAD
Retail - FOR SALE
1/1
null | Request Cap Rate

1403 Central Ave
Prince Albert, SK S6V 7J4


HIGHLIGHTS

  • Gateway Mall features a healthy mix of national, regional, and local tenants, ensuring consistent customer draw for daily essentials and services
  • Gateway Mall offers 324,099 square feet of gross leasable area across a 14.8-acre site, making it one of the largest retail centers in northern Saskat
  • Gateway Mall benefits from high visibility, proximity to major arterial routes, and access to a regional trade area serving over 195,000 people.
  • The property is currently 51% occupied, with 34 tenants in place providing reliable in-place income.

OVERVIEW

Avison Young Commercial Real Estate Services, LP (“Avison Young” or the “Advisor”) is pleased to offer for sale a 100% freehold interest in Gateway Mall (the “Property” or “Offering”). Gateway Mall is a well-located shopping centre comprised of approximately 324,099 square feet of leasable area situated on a 14.8 acre site. Located in the heart of Prince Albert, Saskatchewan, the enclose mall offers ample customer convenience with approximately 1,150 surface and rooftop parking stalls, and is anchored by a diverse mix of national, regional, and local tenants serving a broad range of everyday needs. Strategically positioned in a high-visibility area, Gateway Mall benefits from strong exposure and accessibility, drawing consistent foot traffic from both local residents and the larger northern Saskatchewan trade area. As one of the few enclosed malls in the region, the property plays a central role in the city’s retail landscape. With 34 tenants and 51% occupancy, the Property offers significant upside potential through leaseup of the existing vacancy and future repositioning opportunities. Gateway Mall presents investors with a value-add retail investment supported by established tenancy and underpinned by a substantial land base. The centre offers a compelling opportunity to acquire a retail asset with immediate income and long-term redevelopment potential in a key northern Saskatchewan market. The Property is being offered with no set bid date. Offers will be reviewed as they are received. For additional information, please contact a member of the Avison Young advisory team.

FOR SALE DETAILS

PRICE

$5,800,000 CAD

PRICE/SF

$18 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gateway Mall

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

1149

LAND DETAILS

LAND ACRES

14.8 AC

LAND SF

644,688 SF

ZONING

C1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

James RobertsonAvison YoungMore Info
780-246-1832

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James RobertsonAvison YoungMore Info
780-246-1832

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