604 1 St S - Retail FOR SALE


Grassy Lake, AB T0K 0Z0
$699,000 CAD
825-425-3016
604 1 St S, Grassy Lake, AB for Sale
$699,000 CAD
Retail - FOR SALE
1/13
null | Request Cap Rate

604 1 St S
Grassy Lake, AB T0K 0Z0


OVERVIEW

Exceptional Turnkey Investment Opportunity. This offering includes the land, a mixed-use building, a well-established grocery business, all equipment, and an above-ground fuel tank. As the only grocery store in town, the business serves as the central retail hub, providing a steady revenue stream from groceries, liquor, tobacco, lottery, and fuel (regular and diesel). The previous postal services have been upgraded to a Purolator depot for higher margins and simpler operations. The property is meticulously maintained and includes a newly built 1,200 sq. ft. residential home (2 bedrooms, 2 bathrooms) located directly next to the store—perfect for an owner-operator or as a rental property. The grocery store occupies 3,200 sq. ft. on a spacious 0.544-acre lot, offering significant room for expansion. The 2025 property assessment is $532,330, which includes the land, the commercial building, and the residential home. Annual property taxes are $6,606.62. This assessment and tax amount are for the real estate only and do not include the value of the business assets. Future growth potential includes upgrading the fuel infrastructure or adding a shop-in-shop food depot to meet rising local demand. With new residential developments currently under construction nearby, this is a rare chance to acquire a thriving business with real estate in a growing Alberta community.

FOR SALE DETAILS

PRICE

$699,000 CAD

PRICE/SF

$218 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,778 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jason ChoiFIRST PLACE REALTYMore Info
825-425-3016

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Jason ChoiFIRST PLACE REALTYMore Info
825-425-3016

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