Opportunity awaits in downtown Vulcan! This approximately 5,750 sq. ft. commercial retail building is situated on a prominent corner lot, offering excellent street exposure in the heart of the downtown business district. The building is configured into four commercial units, providing flexibility for an owner-user, multiple tenants, or a combination of both. Fire-rated drywall has been installed to allow the four units to operate independently. Currently, three of the units are being utilized together as one larger space. A number of improvements have been completed over the past several years, including replacement flooring, upgraded electrical components, newer double front entry doors, and replacement of one of the building's four furnaces. The building also features four 2-piece bathrooms. With approximately 5,750 sq. ft. of space and the ability to accommodate multiple businesses or tenants, this property offers plenty of possibilities for investors, entrepreneurs, or businesses looking for a downtown location. The building is estimated to have been constructed in 1974 according to Town of Vulcan records; however, the property may be older than the recorded estimate.
Essential information
MLS® number
A2339698
Status
Active
Price
$299,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
5,750 sq ft
Year built
1974
Structure
Low Rise (2-4 stories)
Listing brokerage
Magnuson Realty Ltd
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Cooling
Partial
Exterior and construction
Roof
Membrane, Metal, Mixed
Foundation
Block, Poured Concrete
Zoning
C-1 Retail/Commercial
Community
City
Vulcan
Province
AB
Postal code
T0L 2B0
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
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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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$229,900376, 260300 Writing Creek Crescent, Rural Rocky View County
