Prime downtown commercial opportunity situated on 1.98 acres in a highly visible location. The property features two buildings offering excellent flexibility for a variety of business or investment uses. Building 1 offers over 6,000 sq/ft across two levels (upper and lower), providing substantial space for operations, offices, or future development. Building 2 is 1,440 sq/ft and has undergone significant renovations including vinyl plank flooring, new windows, paint, new steel exterior and interior doors, and numerous mechanical upgrades. Improvements include a new furnace with humidifier, air conditioning, HRV system, water heater, and upgraded electrical panel and new wall plugs and switches. Bathrooms have been fully renovated with new fixtures and vanities, including one accessible washroom. The building also features an accessible ramp to the entrance, fire extinguishers, and illuminated exit signage. Previously used as a school so the space was upgraded with health, safety, and accessibility in mind. This property offers significant potential to utilize as is or expand with all of the available property.
Essential information
MLS® number
A2292371
Status
Active
Price
$990,000
Property type
Commercial
Type
Office
Transaction
For Sale
Restrictions
Easement Registered On Title, Utility Right Of Way
Building area
1,440 sq ft
Year built
1960
Structure
Office
Listing brokerage
Real Broker
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
CDC
Community
City
Slave Lake
Province
AB
Postal code
T0G 2A2
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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25 photos$750,000410 2 Avenue W, Hanna
