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1401 2nd AVENUE W
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1401 2nd AVENUE W $735,000
$735,000
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1401 2nd AVENUE W
Prince Albert, Saskatchewan S6V5B3

MLS® Number: SK983698

Listing Description

Prime commercial property in the heart of Prince Albert. Located on one of the city’s busiest streets, this high-traffic location benefits from 20,000 vehicles passing daily and 90 feet of prime frontage, ensuring exceptional visibility. The property features a substantial 6,781 square foot building set on a 20,661 square foot lot, providing generous space and flexibility to suit a variety of business needs. Each side of the building is equipped with its own recently-installed HVAC system and multi-stall restrooms, allowing for seamless conversion into multiple units for increased income potential. The property includes a fully-equipped commercial kitchen, a spacious seating area, and a functional bar, making it ideal for hospitality ventures. Additionally, the large, paved parking lot provides ample customer parking and potential for further expansion or development, enhancing the property's value and functionality. With a current gross income of $84,000 per year, the property is occupied by a tenant on a year-to-year lease, renewing in February. Additionally, the tenant’s business is listed for sale, presenting a unique opportunity to acquire both the property and the existing business, facilitating a smooth transition for new ownership. This high-traffic, high-growth location delivers outstanding potential for a range of commercial uses, positioning it as a compelling investment opportunity. (28402612)

Property Summary

Property Type
Retail
Building Type
Retail
Neighbourhood Name
West Flat
Title
Freehold
Land Size
20661 sqft
Built in
1989
Annual Property Taxes
$23,824
Time on REALTOR.ca
18 days

Building

Business
Business Type
Retail and Wholesale (General retail)

Measurements

Square Footage
6781 sqft
Exterior Building Size
6781 sqft
Data provided by: Saskatchewan REALTORS® Association 1705 McKercher Drive, Saskatoon, Saskatchewan S7H 5N6
Shendaia Benson