For Sale · Specialty

201 Centre Street, Vulcan

201 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

About this property

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)

Financial sandbox

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Estimate
Purchase price$299K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Summit Trades Supply3,659 SF2030-11
Summit Trades Supply1,780 SF2030-11

Area demographics

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.

Secure deal room

Confidential diligence documents for 201 Centre Street, Vulcan.

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.