159 Henderson Highway

Retail-Commercial for Sale
Catylist Listing ID: 30804830
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 7,056 SF
Gross Building Area: See Agent
Gross Land Area: 4,322 SF
Sale Price: $1,050,000
Unit Price: $148.81 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/24/2023

Overview / Comments

Main and Second Level 3D Matterport Tours are available in the brochure.

A rare smaller-scale owner-occupier opportunity. The chance for an office or retail user to use all of the property or a portion of it and lease out the remaining floor, as they are easily demised. High visibility location in close proximity to Downtown Winnipeg. This stretch of South Henderson sees over 45,000 cars per day (City of Winnipeg). Well-maintained property that has been owner-occupied for the previous 12 years.

The building went through renovations in 2010, constructing the professional offices on the second floor and modifying the retail store on the main floor.
There were further renovations to the retail space in 2017, including upgrading of the kitchen and construction of a modest training space in the back. The kitchen renovation involved an increase from 300 to 629 square feet, flooring, stainless steel countertops, paint, lighting, and an installation of ventilation/extraction system which ducts cooking air up the south wall to a HVAC unit on the roof. Appliances were also upgraded, including the gas range, dishwasher, fridge, oven, and other smaller appliances.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 14090113000
Zoning: C2

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