















1/17680 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
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Cascade Foods Inc. | 400 SF | 2028-04 |
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.
Confidential diligence documents for 680 10th Avenue, Carstairs.
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.