Rita Baxter
CENTURY 21 DRIVE
306-825-3700
5601 31 Street
Lloydminster , Alberta T9V 2H3
Lloydminster , Alberta T9V 2H3
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5601 31 Street For Sale
$1,475,000
For Sale: Prime Investment Opportunity - 5-Bay Mini Mall in Lloydminster, Alberta. This meticulously maintained 5-bay mini mall offers an exceptional investment opportunity in a prime location within Lloydminster, Alberta. With a reliable lineup of long-term tenants and an attractive cap rate, this property is ideally suited for investors seeking a stable income-generating asset. Key Highlights: Long-Term Tenants: The mini mall has a robust tenant base, ensuring steady cash flow with low vacancy risk. These long-standing tenants are established businesses that bring consistent foot traffic and serve the needs of the local community. Strategic Location: Positioned across from local schools and within close proximity to Bud Miller Park, shopping centers, a hockey rink, and other popular amenities, the mall benefits from a high-visibility, high-traffic location. This prime spot appeals to both tenants and customers, enhancing the property's long-term desirability. Exceptional Maintenance Standards: The building's upkeep is managed by quality contractors under comprehensive service contracts, ensuring that both the exterior and interior are well-maintained with minimal interruptions. This commitment to maintenance not only preserves the property's aesthetic and structural integrity but also provides peace of mind for potential investors. Strong Cap Rate: This property offers an attractive cap rate, positioning it as an excellent income-generating asset with significant growth potential. This mini mall is an ideal investment for those looking to capitalize on the economic stability of Lloydminster and the enduring appeal of a well-located commercial property. Whether you are a seasoned investor or looking to diversify your portfolio, this property offers both security and potential for future appreciation. Don’t miss out on this prime investment opportunity in Lloydminster!
Transaction Type
For Sale
For Sale
Title
Fee Simple
Fee Simple
Days On Market
97
97
Zoning
C3
C3
Subdivision
Steele Heights
Steele Heights
Building Type
Strip Mall
Strip Mall
Year Built
1984
1984
Structure Type
Retail
Retail
Property Type
Commercial
Commercial
Property Sub Type
Retail
Retail
Legal Plan
842 2203
842 2203
Building Area (Sq. Ft.)
10186.00
10186.00
Building Area (Sq. M.)
946.30
946.30
Lot Size (Sq. Ft.)
35758
35758
Lot Size (Acres)
0.82
0.82
Construction Type
Brick
Brick
Roof
Asphalt Shingle
Asphalt Shingle
Cooling
Central Air
Central Air
Heating
Forced Air,Natural Gas
Forced Air,Natural Gas
Lot Features
Back Lane,City Lot,Corner Lot,Level,Paved
Back Lane,City Lot,Corner Lot,Level,Paved
Inclusions
TBD
TBD
Restrictions
None Known
None Known
Reports
None
None