5509 46 St - Retail FOR SALE


Olds, AB T4H 1H5
$2,785,000 CAD
403-228-4158
5509 46 St, Olds, AB for Sale
$2,785,000 CAD
Retail - FOR SALE
1/7
null | 5.45% Cap Rate

5509 46 St
Olds, AB T4H 1H5


OVERVIEW

A rare and compelling Highway 27 opportunity in the Town of Olds. This offering comprises four civic addresses across two titles, with three properties consolidated on a single title, creating a unique and flexible commercial assemblage with both immediate income and long-term redevelopment upside. Prominently fronting Olds’ primary east–west commercial corridor, the property benefits from excellent visibility, strong traffic exposure, rear lane access, and a mix of established uses. The commercial components are leased on a triple-net basis, providing stable income with minimal management, while the residential component contributes additional holding revenue. The commercial space includes a Mr. Mike’s Steakhouse location, a nationally recognized Canadian casual-dining. The majority of the site is zoned Commercial General District (CGD), supporting a wide range of highway-oriented commercial, retail, service, and mixed-use opportunities. A portion of the property is zoned Traditional Neighborhood District (RTD) and is directly adjacent to CGD lands, presenting a logical future rezoning opportunity subject to Town approval. This mixed zoning configuration is typical of evolving commercial corridors and offers meaningful flexibility for phased redevelopment. Whether held as an income-producing investment, repositioned over time, or assembled for future redevelopment, this property offers a rare combination of scale, frontage, zoning diversity, and title consolidation in a growing regional market. Opportunities of this nature along Highway 27 are increasingly scarce. An ideal acquisition for investors and developers seeking exposure to Olds’ main commercial corridor with both cash flow today and upside tomorrow.

FOR SALE DETAILS

PRICE

$2,785,000 CAD

PRICE/SF

$472 CAD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,770 SF

ZONING

CGD & RTD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

James (Jim) ChristensonD.C. & Associates RealtyMore Info
403-228-4158

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James (Jim) ChristensonD.C. & Associates RealtyMore Info
403-228-4158

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