4919 47 St - Flex FOR SALE


Camrose, AB T4V 1J9
$1,100,000 CAD
587-844-0384
4919 47 St, Camrose, AB for Sale
$1,100,000 CAD
Flex - FOR SALE
1/13
null | 7% Cap Rate

4919 47 St
Camrose, AB T4V 1J9


HIGHLIGHTS

  • Opportunity to Double Cap Rate 14%

OVERVIEW

Prime Value-Add Commercial Investment Opportunity – Camrose, Alberta CAPITALIZATION RATE 7% - 14% WITH ADDITIONAL SPACE An exceptional value-add commercial investment located in the heart of Camrose, Alberta, featuring a well-maintained Two-storey building anchored by The Marrow Restaurant & Lounge, a highly regarded upscale dining establishment and strong destination tenant. The property is currently leased on a triple-net basis and produces a solid 7% capitalization rate with the main floor tenant in place, offering immediate and stable cash flow. The true upside lies in the development potential of the additional two floors, consisting of approximately 6,000 square feet across the second floor and basement. These levels are well suited for a variety of uses (office, professional services, retail, or complementary hospitality concepts), providing a clear path for a new owner to significantly increase income. For Example: Existing Lease $13 a sq ft x 6000 sq ft = $78,000 base rent divided by $1.1 Million for building = 7% Cap Rate Develop the following space Top Floor @ $8.00 sq ft x 6000 sq ft = $48,000 Basement @ $6.00 sq ft x 6000 sq ft = $36,000 Total potential revenue base rent $162,000 = 14.7% Capitalization rate. Lots of power on site for Data Center's 800 AMP & 600 Volt. With full development and lease-up of the additional space, there is a strong opportunity to substantially increase net operating income and potentially double the capitalization rate, making this an ideal acquisition for investors seeking both income stability and long-term growth. Highlights: Two-storey commercial building with Full Basement Ceiling Height 9'4" Anchor tenant: The Marrow Restaurant & Lounge (upscale, well-established) Triple-net lease with current 7% cap rate Significant value-add and income-growth potential Prime Camrose location A rare opportunity to acquire a stabilized asset with immediate cash flow and exceptional upside. I have attached as well a business plan for a Banquet Facility in the second story.

FOR SALE DETAILS

PRICE

$1,100,000 CAD

PRICE/SF

$183 CAD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Feedmill Camrose

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, Telecom Hotel/Data Hosting, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

11.333333333333334 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29

LAND SF

12,440

ZONING

C1 Commercial District

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Wesley HendersonColdwell Banker Mountain CentralMore Info
587-844-0384

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

Wesley HendersonColdwell Banker Mountain CentralMore Info
587-844-0384

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