KS Malhi
(403) 370-1222
RE/MAX iRealty Innovations
403-228-5557
107 First Avenue W
Cochrane , Alberta T4C 1A5
Cochrane , Alberta T4C 1A5
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107 First Avenue W For Sale
$1,999,000
Discover the potential with this commercial property nestled in the vibrant and growing town of Cochrane. Offering a generous 4,427 square feet, this historic site currently hosts a happy trifecta of long-standing tenants: a bustling beauty salon, a charming shoe store, and a well-stocked large bookstore. All tenants have a solid track record of over a decade and have expressed eagerness to renew their leases. With an appealing 6.2% cap rate, this property not only provides immediate, stable cash flow but also offers exciting prospects for future development. The zoning allows for a variety of uses, making it adaptable to changing business landscapes or increasing community needs. Strategically positioned, the property puts you within short walking distances to key community spots. It’s a hop away from the Cochrane High School and a skip to the M&M Food Market. Also, the picturesque views at Cochrane Park are just a stone's throw away, ensuring you're never far from a relaxing natural retreat. This downtown gem is perfect for investors looking to capitalize on Cochrane’s growth while securing a property steeped in community history. Whether you’re looking to maintain its current uses or explore new opportunities, this commercial space offers a foundation ripe with potential.
Transaction Type
For Sale
For Sale
Days On Market
6
6
Zoning
C-HD
C-HD
Subdivision
Downtown
Downtown
Building Type
Commercial Mix,Old Time,Street Level Storefront
Commercial Mix,Old Time,Street Level Storefront
Year Built
1970
1970
Structure Type
Mixed Use
Mixed Use
Property Type
Commercial
Commercial
Property Sub Type
Retail
Retail
Legal Plan
2174H
2174H
Building Area (Sq. Ft.)
4427.00
4427.00
Building Area (Sq. M.)
411.28
411.28
Lot Size (Sq. Ft.)
6759
6759
Lot Size (Acres)
0.16
0.16
Inclusions
N/A
N/A
Restrictions
Historic Site
Historic Site
Reports
Title
Title