1/4721 Broadway Road, Standard
721 Broadway Road, Standard, AB T0J3G0
$100,000 total
1,476 SF
Asset Class
Specialty
Size
1,476 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$68
Occupancy
83%
Year Built
1945
About this property
Unique opportunity in the Village of Standard, Alberta. Formerly home to a financial institution, this freestanding property is situated on two lots in a central location with excellent visibility and convenient street access.Please note: this property is located within a residential district and is not currently designated as commercial. Buyers are responsible for confirming zoning, permitted or discretionary uses, redevelopment potential, and any required approvals directly with the Village of Standard.The property is owned by the Village of Standard and is being offered for sale as land and building only. Contents are not included in the sale but may be available for purchase by the successful buyer under a separate agreement.The property is being sold AS IS, WHERE IS, with no representations or warranties regarding the condition, functionality, measurements, or suitability of the land, building, systems, fixtures, or improvements. Buyers are responsible for completing their own due diligence regarding the property, building condition, zoning, servicing, permitted uses, and future development potential. (id:66811)
Financial sandbox
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Monthly debt service
$462
Projected NOI
$5K
Annual cash flow
$-346
Cash-on-cash
-1.15%
DSCR
0.94
Going-in cap
5.20%
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 |
|---|---|---|
| Blue Harbour Design | 1,228 SF | 2031-01 |
Area demographics
Trade area within 3 miles of the property.
Population
40,244
Households
14,212
Median income
$108,500
Median age
34.5
Daytime population
34,488
5-yr growth
7.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 721 Broadway Road, Standard.
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.