Walker Cote
(780) 837-1730
Sutton Group Grande Prairie Professionals
780-532-7701
2-24 Main Street SE
Falher , Alberta T0H 1M0
Falher , Alberta T0H 1M0
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2-24 Main Street SE For Sale
$1,700,000
Exceptional Multi-Tenant Commercial Investment located in Falher, AB. This is an outstanding opportunity to acquire a well-established commercial property in the heart of Falher. This ±21,506 sq. ft. multi-tenant building is prominently located on Main Street, offering excellent visibility, steady foot traffic, and convenient access for tenants and customers. As a staple asset within the community, this property has a proven track record of stability and long-term occupancy, making it a low-risk, high-reward investment. The building is fully leased to a diverse mix of five long-term tenants, including ATB Financial, Falher Foods, Canada Post, a Barber, and BrokerLink. These well-established businesses contribute to the property’s reliability and long-term income security. The leases are structured as triple net agreements, ensuring minimal operational expenses for the owner while providing a stable 9.61% capitalization rate. This asset offers investors a consistent and predictable revenue stream. The property has been well maintained and features a large paved parking area, enhancing accessibility for both tenants and customers. Its prime Main Street location ensures high exposure, further strengthening tenant retention and long-term value appreciation. This is an exceptional opportunity to acquire a turnkey, income-generating commercial property with secure long-term revenue, minimal management responsibilities, and strong financial performance. This asset provides immediate and sustainable returns, whether as a portfolio addition or a stand-alone investment. Book your showing today!
Transaction Type
For Sale
For Sale
Title
Fee Simple
Fee Simple
Days On Market
169
169
Zoning
C1
C1
Subdivision
NONE
NONE
Building Type
Commercial Mix,Free-Standing,Major Shopping,Mixed Use,Office Building,Retail,Street Level Storefront,Strip Mall,Walk-up
Commercial Mix,Free-Standing,Major Shopping,Mixed Use,Office Building,Retail,Street Level Storefront,Strip Mall,Walk-up
Year Built
1964
1964
Structure Type
Retail
Retail
Property Type
Commercial
Commercial
Property Sub Type
Retail
Retail
Legal Plan
6165ET
6165ET
Building Area (Sq. Ft.)
21506.00
21506.00
Building Area (Sq. M.)
1997.96
1997.96
Lot Size (Sq. Ft.)
110642
110642
Lot Size (Acres)
2.54
2.54
Construction Type
Concrete,Other
Concrete,Other
Roof
Flat,Tar/Gravel
Flat,Tar/Gravel
Foundation
Poured Concrete
Poured Concrete
Cooling
Central Air
Central Air
Heating
Forced Air,Natural Gas
Forced Air,Natural Gas
Lot Features
Back Lane,Irregular Lot
Back Lane,Irregular Lot
Access to Property
Accessible to Major Traffic Route,Major Shopping Center,On Major Traffic Route,Paved Road,Public,Visual Exposure
Accessible to Major Traffic Route,Major Shopping Center,On Major Traffic Route,Paved Road,Public,Visual Exposure
Inclusions
N/A
N/A
Restrictions
None Known
None Known
Reports
Aerial Photos
Aerial Photos