2228 Albert St - Restaurant FOR SALE


Regina, SK S4P 2V2
$1,199,000 CAD
306-559-9000
2228 Albert St, Regina, SK for Sale
$1,199,000 CAD
Restaurant - FOR SALE
1/11
null | Request Cap Rate

2228 Albert St
Regina, SK S4P 2V2


HIGHLIGHTS

  • Some parking at back and street parking
  • 4,120 sf on two levels and the third level is 590 sf

OVERVIEW

One of Reginas most vibrant and well know properties offered at $1,199,000, this rare two-and-a-quarter story landmark building blends historic character with modern function in a prime location. Originally built in 1907, with thoughtful additions in 1956 and 2000, the property spans 4,120 sq. ft. (4,420 sq. ft. including an enclosed deck) and has been transformed into a vibrant restaurant and lounge. The main floor welcomes guests through a front entrance that flows into a seating area and lounge, complete with a professional kitchen, three washrooms, and access to a 300 sq. ft. covered deck and a large fenced in ground level patio for outdoor dining. The second floor offers additional seating, two washrooms, and a generous 500 sq. ft. deck perfect for warm-weather service. Topping the property is a 590 sq. ft. third-level suite, with a kitchen, living room, bedroom, and bathroom—currently utilized for storage. The partial basement, constructed of concrete and block, with a walk in cooler and a walk in freezer and provides functional storage for supplies with ramp access for easy holing of inventory. Adding to its appeal, the property is being sold with a secure, income-producing lease in place with the current restaurant tenant, making this an attractive investment opportunity. This is a unique chance to own a piece of vibrant local history while benefiting from stable rental income and the long-term value of a well-located commercial property. Note: All showings must be done before 11:00 am

FOR SALE DETAILS

PRICE

$1,199,000 CAD

PRICE/SF

$271 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

MH

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Hali LawrenceAvison YoungMore Info
306-559-9000

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Hali LawrenceAvison YoungMore Info
306-559-9000

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