ONE OF THE MOST FLEXIBLE COMMERCIAL PROPERTIES ON THE MARKET FOR SALE! Gym, office, salon, medical, warehouse, retail, massage, — this space could be used for an infinite variety of different purposes and is well suited to an owner-occupier, investor, or a buyer who wants to occupy part of the building and lease the balance. Many updates recently including paint, flooring and trim, giving both levels a clean, move-in-ready feel. The main floor footprint is 4,100 square feet and has been renovated. Upper floor is 2,205 sq. ft. and vacant, with sinks and drains already in the second-floor offices. The rear space could be used for dance, gym, shipping/receiving, warehouse, heated storage with a 12' x 14' overhead door, more offices, or almost anything else you could think of. This property has amazing frontage on Resources Road with some of the best traffic counts in the city, strong visibility, and easy access for customers, staff, and deliveries. It comes with a full parking lot (15 extra stalls) on the east side of the building as well as additional parking — just another reason this is one of the best spots on the market. Features include aluminum dual-glazed windows; 12' x 14' overhead door; 2 three-piece washrooms and 4 two-piece washrooms (2 on the second floor); sinks and drains in offices on the second floor; torch-on membrane roofing completed about 10 years ago; 2 rooftop units (one for each floor) complete with A/C; concrete floors on Q-decking on the second floor for sound deadening; and full LED lighting on the main and second floors. Main floor is tenant occupied month-to-month with 60 days’ notice; second floor is vacant and available immediately.
Essential information
MLS® number
A2343866
Status
Active
Price
$999,900
Property type
Commercial
Type
Business
Transaction
For Sale
Restrictions
None Known
Building area
6,305 sq ft
Year built
1980
Structure
Mixed Use
Listing brokerage
Grassroots Realty Group Ltd.
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
CA
Parking
Total parking
24
Community
Subdivision
CityCentre
City
Grande Prairie
Province
AB
Postal code
T8V 4B4
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.
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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EBITDA—
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Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
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13 photos$1,140,000116, 738 3 Avenue SW, Calgary
