Commercial investment opportunity in downtown Vulcan! Located at 144 2nd Avenue South, this commercial building offers excellent street exposure in the heart of Vulcan's downtown business district. Currently occupied by a fitness business, the property offers an opportunity for investors seeking a tenant-occupied commercial building. The main floor features an open area currently used for fitness activities, along with additional storage space, a staff room with cabinetry and kitchen sink, and separate men's and women's washrooms. The basement provides substantial additional storage space and a separate utility room. Improvements completed over the years include updated front windows and entrance, commercial tile flooring, lighting, plumbing upgrades, and two high-efficiency furnaces installed in 2017. Additional features include a metal roof and a pea-gravelled parking area at the rear of the building. With its central location, good visibility, and existing commercial tenancy, this property presents an opportunity for investors looking to add a commercial property to their portfolio. The building may also offer potential for alternative commercial uses in the future, subject to applicable zoning and municipal approvals.
Essential information
MLS® number
A2353912
Status
Active
Price
$249,000
Property type
Commercial
Type
Retail
Transaction
For Sale
Restrictions
None Known
Building area
3,204 sq ft
Lot size
4,000 sq ft
Year built
1965
Structure
Retail
Listing brokerage
Magnuson Realty Ltd
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Exterior and construction
Construction
Concrete
Roof
Metal
Lot features
Street Lighting
Frontage
10.36M 34`0"
Zoning
C-1
Community
City
Vulcan
Province
AB
Postal code
T0L 2B0
Where it is
Loading map…
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.
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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.
Cap rate—
Cash on cash—
Net operating income
—
Mortgage payment monthly
—
Annual debt service
—
Cash flow monthly, before tax
—
Cash in the deal
—
Loan amount
—
Debt service coverage—
—
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.
Tell me when another one comes up
Leave your details and Satyam will let you know as soon as a new listing in retail space in Vulcan reaches the market — often before it is advertised anywhere else.
✓
You are on the list.
You will hear the moment a new listing in retail space comes up.
4 photos$199,000220, 260300 Writing Creek Crescent, Balzac
