A versatile multi-tenant commercial building located in the heart of High Prairie's Downtown Commercial (C1) core. This well-positioned property is currently configured into three distinct commercial units, offering a stable income stream coupled with significant upside potential. The center unit is occupied by an established hair speccialist, providing an immediate, income-generating anchor. The east end, currently is home to a photo studio, and will be available for a new tenant, while the west end unit sits completely vacant and ready for immediate occupancy. This mix allows an investor to benefit from existing cash flow while actively leasing the remaining spaces, or an owner-occupier to establish their business while collecting rent from neighboring tenants. Clients and customers will appreciate the ease of access provided by direct street parking available right out front, which encourages the convenient pedestrian flow. Zoned Downtown Commercial (C1), the property aligns with the Town of High Prairie's vision for a dense, mixed-use environment, supporting a wide variety of commercial, office, and service-oriented uses. Whether you are looking to expand your business into a high-visibility retail frontage or add a value-add asset to your investment portfolio, this property offers a rare opportunity to secure a foothold in the High Prairie's main economic hub. Call today to book your appointment to view.
Essential information
MLS® number
A2292752
Status
Active
Price
$249,900
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
4,270 sq ft
Year built
1978
Structure
Mixed Use
Listing brokerage
Grassroots Realty Group - High Prairie
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
C-1
Community
City
High Prairie
Province
AB
Postal code
T0G 1E0
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
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6 photos$225,0005109, 48 Street, High Prairie
