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% 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! (id:51989)
Features of 2-24 Main Street Se
- MLS® Number A2191212
- Price $1,815,000
- Square Footage: 21506 sqft
- Property Type: Retail
- Features Visual Exposure, Back Lane
- Parking Space Total 100
- Plan 6165et
- Road Type Paved Road
- Total Buildings 1
Buildings
| Constructed Date | 1964 | Construction Material | Poured Concrete |
| Cooling Type | Central Air Conditioning | Exterior Finish | Concrete |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Forced Air | Size Exterior | 21506 Sqft |
| Size Interior | 21506 Sqft | Total Finished Area | 21506 Sqft |
| Type | Retail |
Land
| Acreage | Yes | Size Irregular | 2.54 |
| Size Total | 2.54 Ac|2 - 4.99 Acres | Size Total Text | 2.54 Ac|2 - 4.99 Acres |
| Zoning Description | C1 |
Agents and Offices
- Walker Cote
- Office: Sutton Group Grande Prairie Professionals