For Sale · Specialty

104, 355 Centre Street NW, Langdon

104, 355 Centre Street NW, Langdon, AB T0J1X2

$1.3M total

3,391.04 SF

Asset Class

Specialty

Size

3,391.04 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$383

Occupancy

84%

Year Built

2001

Lot Size

0.09 ac

About this property

INCREDIBLE COMMERCIAL OPPORTUNITY IN THE GROWING COMMUNITY OF LANGDON!Exceptional opportunity to own a standalone commercial building ideally located right on Centre Street in the thriving community of Langdon. Currently operating as a restaurant, this versatile property offers just under 1,900 sq. ft. of commercial space with endless possibilities. Whether you envision a restaurant, medical or professional office, law office, retail store, or even a much-needed hardware store, this property offers tremendous potential.An added bonus is the fully self-contained with separate entrance legal and permitted two-bedroom residential suite on the second floor. Live upstairs while operating your business below, or enjoy the additional income potential of a separate rental suite.The property is part of a bare land condominium, offering the convenience of included parking right to the door, and area maintenance, snow removal and landscaping. Assigned parking stalls are included, along with ample additional plaza parking for customers and visitors.One of the property's unique features is its charming wood sidewalk, creating an inviting promenade with an old-fashioned main-street feel, while being surrounded by established, traffic-driven businesses. Numerous upgrades and improvements have also been completed over the past year.With Langdon's continued population growth and increasing demand for local businesses and services, this is an exceptional opportunity for an owner-operator or investor to secure a versatile commercial property in a desirable, central location. Bring your vision and make this exciting property your next business venture! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.30M
Down payment30% · $390K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$79K

Annual cash flow

$7K

Cash-on-cash

1.76%

DSCR

1.10

Going-in cap

6.07%

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
Vector Robotics981 SF2027-12
Vector Robotics640 SF2027-12
Vector Robotics418 SF2027-12
Vector Robotics806 SF2034-12

Area demographics

Trade area within 3 miles of the property.

Population

88,828

Households

40,960

Median income

$97,000

Median age

43.6

Daytime population

93,948

5-yr growth

9.1%

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

Secure deal room

Confidential diligence documents for 104, 355 Centre Street NW, Langdon.

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.