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424 Third St W
Cochrane, AB T4C 1Z6
MLS# A1208888 ID: 76072284
$829,000
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Property Description
424 Third St W-$829,000 Commercial Investor opportunity. Currently fully rented and occupied with tenants wanting to stay. Zoned Commercial Historic Downtown District this makes a great opportunity for a buyer to own your place of business instead of paying rent to a landlord. This property consists of 2 lots with a total size of approx 90 by 130 ft. Can be used as a current rental property, or Unique shops, boutiques, Home Enterprises, Professional Offices, Tourist attractions, etc. Discretionary uses include bed and breakfast, eating establishments, personal service shops, rental stores, repair and service shops, etc. This is a really cool house with a large wrap-around veranda on 2 sides, an open concept kitchen and living room, and primary bedroom on the main level, 2 more bedrooms up and living space, or convert back to a 4 bedroom home. Fully finished basement. Large, oversized, double detached garage, closed-in carport, and separate apartment (illegal) suite behind the garage. Bring your business and ideas. The second lot will solve most parking issues. The property is already generating a cash flow of $1,725/month. Plus the owner would be willing to rent back the space they are using which would bring the income well over $3000 per month. Call for more details.
Property Features
Status
Days On Market 38 days
Last Updated June 2, 2022
Market Status Available
Description
Property Type Single Family Home
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