An excellent investment opportunity in Lloydminster! Located at 5501 51 Street, this well-maintained property was formerly used as a church and has since been converted for daycare use, with an established daycare tenant currently occupying the building. The property offers a functional layout with plenty of space to accommodate its current use, along with a fully finished lower level featuring a fully functioning kitchen and additional room for activities and programming.
Outside, the generous yard and green space provide plenty of room for outdoor play, activities, and gatherings. The large, fully paved parking lot offers convenient access and plenty of parking for staff, parents, and visitors, while the detached cold-storage garage provides valuable additional storage for equipment and supplies.
The building has benefited from previous improvements, including flooring, furnaces, air conditioning, and shingles. With its existing tenant, practical layout, fully paved parking lot, and usable outdoor space, this property presents an attractive opportunity for an investor looking to add a leased commercial property to their portfolio.
Essential information
MLS® number
A2345907
Status
Active
Price
$598,000
Property type
Commercial
Type
Business
Transaction
For Sale
Restrictions
None Known
Building area
2,654 sq ft
Lot size
12,492 sq ft
Year built
1961
Structure
Retail
Listing brokerage
RE/MAX OF LLOYDMINSTER
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Exterior and construction
Roof
Asphalt Shingle
Foundation
Poured Concrete
Zoning
R1
Parking
Total parking
30
Community
Subdivision
LLMWEST
City
Lloydminster
Province
AB
Postal code
T9V 0P9
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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7 photos$600,0001175, 6520 36 Street NE, Calgary
