$10,900,000.00 38,700 Sq.ft

8706 Franklin Avenue, Fort McMurray. T9H 2J6

Description

9.5% Cap Rate- Plaza One Shopping Mall; located in the heart of downtown Fort McMurray in the major business hub which Includes neighbouring businesses like Walmart, The Brick, Staples, Canadian Tire, Sobeys and much more. Right next door is the River Pointe Shopping Centre. This Strip mall shopping Centre development is 38,700sqqft sitting on 2.31 Acres which is currently occupied by multiple tenants and is being used for various commercial retail, professional office (Dentist, Account, Lawyer), food service and other related uses. It consists of 2 buildings the first of which is a 33,600 concrete block structure with main level & upper level & basement level spaces which was built in stages starting in 1970, 1974 & 1997 to which you have today more details can be provided on this. The second free-standing building was built in 1998 and then added too in 2006 for a total of 5,100sqft. The building has been well maintained with many improvements. The Parking lot is paved asphalt and has excellent parking + you have large Pylon sign. The property has access front, rear and side entry access for easy traffic flow. Property has been well occupied and continues to be well occupied due to its exceptional location amongst the major business hub in downtown Fort McMurray; which drives customers and traffic to this location.

Listing Information

Prop. Type:Commercial
MLS #:A1157716
City:Fort McMurray
Neighbourhood:Downtown
Province:Alberta
Building/Unit Size: 38,700 sq.ft
Land Size:2.31 Acre   100,624 sqft
Listing Price:$10,900,000.00
Lease Rate:$0.00
Business Type:
Property Subtype:Retail
Transaction Type:For Sale
Year Built:1975
Land Use Code:FRA1
Listing Contract Date:2021-10-29

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "COLDWELL BANKER FORT MCMURRAY" listing brokerage.

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