





1/7201 Centre Street, Vulcan, AB T0L2B0
$299,000 total
5,750 SF
Asset Class
Specialty
Size
5,750 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$52
Occupancy
95%
Year Built
1974
Opportunity awaits in downtown Vulcan! This approximately 5,750 sq. ft. commercial retail building is situated on a prominent corner lot, offering excellent street exposure in the heart of the downtown business district. The building is configured into four commercial units, providing flexibility for an owner-user, multiple tenants, or a combination of both. Fire-rated drywall has been installed to allow the four units to operate independently. Currently, three of the units are being utilized together as one larger space. A number of improvements have been completed over the past several years, including replacement flooring, upgraded electrical components, newer double front entry doors, and replacement of one of the building's four furnaces. The building also features four 2-piece bathrooms. With approximately 5,750 sq. ft. of space and the ability to accommodate multiple businesses or tenants, this property offers plenty of possibilities for investors, entrepreneurs, or businesses looking for a downtown location. The building is estimated to have been constructed in 1974 according to Town of Vulcan records; however, the property may be older than the recorded estimate. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$23K
Annual cash flow
$7K
Cash-on-cash
7.38%
DSCR
1.40
Going-in cap
7.76%
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 |
|---|---|---|
| Summit Trades Supply | 3,659 SF | 2030-11 |
| Summit Trades Supply | 1,780 SF | 2030-11 |
Trade area within 3 miles of the property.
Population
112,993
Households
43,153
Median income
$87,500
Median age
44.9
Daytime population
146,947
5-yr growth
2.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 201 Centre Street, Vulcan.
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.