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$ 1,836,000
$ 1,988,000 7.6%
Est. payment /mo
Sold on 06/12/2025
715 2 ST W Brooks, AB T1R 0M9
0.6 Acres Lot
UPDATED:
Key Details
Sold Price $1,836,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Central
MLS® Listing ID A2185608
Sold Date 06/12/25
Year Built 1979
Annual Tax Amount $17,577
Tax Year 2024
Lot Size 0.603 Acres
Acres 0.6
Property Sub-Type Mixed Use
Source South Central
Property Description
Prime Commercial Investment Opportunity in Brooks, Alberta with an 8%+ predicted cap rate for 2025.
Located on a high visibility main commercial corridor with convenient access to Highway #1, this 7-unit commercial building offers an outstanding investment opportunity in the heart of Brooks. Boasting approximately 11,214 square feet of space, the property features an attractive brick façade and ample parking available, ensuring convenience for both tenants and customers.
The building is home to a mix of well established commercial tenants with escalating leases, providing stable and growing rental income.
Significant upgrades have been completed over the past few years, including: Renovations to most units within the last 8 years, new air conditioning systems in several units, exterior painting on the alley facing side, electrical enhancements, including a 400-amp main panel and individual sub-panels for each unit. The rooftop HVAC systems are In good working order.
This property offers a strong return on investment and is a high performing, income producing asset with room for future growth. Don't miss out on this turnkey investment in Brooks thriving commercial market! Please do not disturb the tenants or enter businesses to view without previous arrangements through sellers agents.
Located on a high visibility main commercial corridor with convenient access to Highway #1, this 7-unit commercial building offers an outstanding investment opportunity in the heart of Brooks. Boasting approximately 11,214 square feet of space, the property features an attractive brick façade and ample parking available, ensuring convenience for both tenants and customers.
The building is home to a mix of well established commercial tenants with escalating leases, providing stable and growing rental income.
Significant upgrades have been completed over the past few years, including: Renovations to most units within the last 8 years, new air conditioning systems in several units, exterior painting on the alley facing side, electrical enhancements, including a 400-amp main panel and individual sub-panels for each unit. The rooftop HVAC systems are In good working order.
This property offers a strong return on investment and is a high performing, income producing asset with room for future growth. Don't miss out on this turnkey investment in Brooks thriving commercial market! Please do not disturb the tenants or enter businesses to view without previous arrangements through sellers agents.
Location
State AB
County Brooks
Zoning C-G
Interior
Heating Other
Cooling Other
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Metal,Tar/Gravel
Lot Frontage 219.0
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Mixed
Others
Restrictions None Known
Ownership Private
Listed by Royal LePage Community Realty