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$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
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Vector Robotics | 981 SF | 2027-12 |
| Vector Robotics | 640 SF | 2027-12 |
| Vector Robotics | 418 SF | 2027-12 |
| Vector Robotics | 806 SF | 2034-12 |
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.
Confidential diligence documents for 104, 355 Centre Street NW, Langdon.
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.