For Sale · Specialty

680 10th Avenue, Carstairs

680 10th Avenue, Carstairs, AB T0M0N0

$449,000 total

120 SF

Asset Class

Specialty

Size

120 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$3742

Occupancy

87%

Year Built

2023

About this property

Purchase this property for the land alone or take advantage of the opportunity to acquire both the lot and the established Old Hickory Buildings & Sheds business operating onsite.THE PROPERTYLocated on a prime .58-acre commercial corner lot along Main Street at a busy 3-way stop, this property offers exceptional exposure in a high-traffic location. Measuring approximately 101 ft x 226 ft, the fully serviced lot presents excellent retail, office, showroom, or future development potential.The property currently features a 10x12 service building/pumphouse complete with a 2-piece bathroom, hot water sink, electric baseboard heat, and basement utility access where services enter the property. Additional features include 220 power and a water hydrant onsite.THE BUSINESS OPPORTUNITYOld Hickory Buildings & Sheds has been operating since 1997 and has been located at this site since 2023. This unique business model offers the ability to market and sell portable buildings and sheds with NO inventory carrying costs. Simply market the product line, generate sales, and earn revenue without physically handling or stocking the buildings.There is tremendous opportunity to grow and expand the business model further, add complementary revenue streams, or develop the site into your own dream commercial venture.Located in the fast-growing community of Carstairs, just north of Calgary, this property offers incredible visibility and long-term potential in a community where commercial growth and services are in demand. (id:66811)

Financial sandbox

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Estimate
Purchase price$449K
Down payment30% · $135K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$28K

Annual cash flow

$3K

Cash-on-cash

2.58%

DSCR

1.14

Going-in cap

6.32%

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)

TenantAreaExpiry
Cascade Foods Inc.400 SF2028-04

Area demographics

Trade area within 3 miles of the property.

Population

70,573

Households

28,454

Median income

$132,500

Median age

38.6

Daytime population

74,268

5-yr growth

8.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 680 10th Avenue, Carstairs.

NDA required
  • 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.