Jason Choi
(403) 399-8124

First Place Realty
403-547-8401

604 1 Street S
  Grassy Lake , Alberta   T0K 0Z0
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Grocery For Sale

$699,000
Grassy Lake, Alberta

Transaction Type
For Sale
Business Name
Grassy Lake Grocery Store
Business Type
Grocery
Zoning
C
Year Built
1982
Property Type
Commercial
Building Area (Sq. Ft.)
3200.00

Listing ID: 33997
MLS ID: A2285879
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.
Transaction Type
For Sale
Business Name
Grassy Lake Grocery Store
Business Type
Grocery
Zoning
C
Subdivision
NONE
Year Built
1982
Structure Type
Retail
Property Type
Commercial
Property Sub Type
Business
Legal Plan
4555S
Building Area (Sq. Ft.)
3200.00
Building Area (Sq. M.)
297.29
Inclusions
The seller will provide a list of equipment once the offer is accepted.
Restrictions
None Known
Reports
Financial Statements

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