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Home AB Greater Lloydminster Lloydminster
5601 31 Street
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5601 31 Street $1,475,000
$1,475,000
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5601 31 Street
Lloydminster, Alberta T9V2H3

MLS® Number: A2176122

Listing Description

For Sale: Prime Investment Opportunity - 5-Bay Mini Mall in Lloydminster, Alberta. This meticulously maintained 5-bay mini mall offers an exceptional investment opportunity in a prime location within Lloydminster, Alberta. With a reliable lineup of long-term tenants and an attractive cap rate, this property is ideally suited for investors seeking a stable income-generating asset. Key Highlights: Long-Term Tenants: The mini mall has a robust tenant base, ensuring steady cash flow with low vacancy risk. These long-standing tenants are established businesses that bring consistent foot traffic and serve the needs of the local community. Strategic Location: Positioned across from local schools and within close proximity to Bud Miller Park, shopping centers, a hockey rink, and other popular amenities, the mall benefits from a high-visibility, high-traffic location. This prime spot appeals to both tenants and customers, enhancing the property's long-term desirability. Exceptional Maintenance Standards: The building's upkeep is managed by quality contractors under comprehensive service contracts, ensuring that both the exterior and interior are well-maintained with minimal interruptions. This commitment to maintenance not only preserves the property's aesthetic and structural integrity but also provides peace of mind for potential investors. Strong Cap Rate: This property offers an attractive cap rate, positioning it as an excellent income-generating asset with significant growth potential. This mini mall is an ideal investment for those looking to capitalize on the economic stability of Lloydminster and the enduring appeal of a well-located commercial property. Whether you are a seasoned investor or looking to diversify your portfolio, this property offers both security and potential for future appreciation. Don’t miss out on this prime investment opportunity in Lloydminster! (29777195)

Property Summary

Property Type
Retail
Building Type
Retail
Community Name
Steele Heights
Subdivision Name
Steele Heights
Title
Freehold
Land Size
35758.68 sqft|32,670 - 43,559 sqft (3/4 - 1 ac)
Built in
1984
Annual Property Taxes
$15,960.37
Time on REALTOR.ca
18 days

Building

Building Features
Features
Back lane, Level
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, (Natural gas)
Exterior Features
Exterior Finish
Brick

Measurements

Square Footage
10186 sqft
Total Finished Area
10186 sqft
Exterior Building Size
10186 sqft

Land

Lot Features
Frontage
63.4 m
Other Property Information
Zoning Description
C3
Data provided by: Pillar 9™
Rita Baxter