1/29524 Centre Street, Rosemary
524 Centre Street, Rosemary, AB T0J2W0
$185,000 total
2,069 SF
Asset Class
Specialty
Size
2,069 SF
Building class
C
Zoning
DC2 — Site Specific
$ / SF
$89
Occupancy
93%
Year Built
1950
Lot Size
0.06882460973370064 ac
About this property
A LITTLE HISTORY, A LOT OF OPPORTUNITY! In the quiet and quaint community of Rosemary, Alberta, an exciting opportunity awaits on Centre Street! Formerly a Cafe & Bakery, this charming property is ready for someone with a vision to breathe new life into a familiar favourite or create the next local hotspot! Situated directly across from the Rosemary RecPlex and just a short distance from Rosemary School, the location offers fantastic potential to capture local customers and the steady stream of visitors coming to town for hockey games, tournaments and community events. With an opportunity to fill a gap in Rosemary's retail and restaurant marketplace, the possibilities are worth exploring! The welcoming storefront offers space for diners to gather, friends to catch up over coffee and customers to enjoy a little something sweet. Customer washrooms are conveniently located in the front portion of the building, while directly behind you'll find a spacious commercial kitchen. Even better, the sale includes all existing equipment, inventory and supplies, giving the next owner a head start on bringing their business dreams to life! And there's more! Tucked away at the back of the building is a two-bedroom suite complete with a full bathroom, kitchen and spacious, open concept living area. Whether you're looking for a convenient place to unwind after a busy day or comfortable accommodations for guests, this additional space offers wonderful flexibility. Patio doors lead to a fenced backyard with storage space and a lovely lawn, perfect for enjoying a little fresh air. Small town charm, a recognizable location and plenty of potential! Whether your dream is to bring back the beloved bakery, open a neighbourhood coffee shop, launch a new dining experience or explore an entirely different business venture, this could be the opportunity you've been waiting for. Rosemary is ready for its next great gathering place. Could you be the one to bring it to life? (id:66811)
Financial sandbox
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Monthly debt service
$854
Projected NOI
$12K
Annual cash flow
$2K
Cash-on-cash
3.35%
DSCR
1.18
Going-in cap
6.55%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Prairie Coffee Roasters | 1,267 SF | 2030-03 |
| Prairie Coffee Roasters | 666 SF | 2030-03 |
Area demographics
Trade area within 3 miles of the property.
Population
107,484
Households
47,120
Median income
$63,500
Median age
40.4
Daytime population
157,473
5-yr growth
1.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 524 Centre Street, Rosemary.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.