Investment Opportunity on north Main Street

Shopping Center for Sale
Catylist Listing ID: 30817207
Property Subtypes: Mixed Use, Strip Center
Building Size (RSF): 10,757 SF
Gross Land Area: 53,636 SF
Sale Price: $3,675,000
Unit Price: $341.64 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: 6.0%
Last Updated: 9/12/2022

Overview / Comments

BID DATE : SEPTEMBER 28TH @ 4PM

Avison Young is proud to present this investment opportunity for an owner to purchase a retail/office building located at a light controlled intersection for easy access on north Main Street.

2539 Main Street is a fully leased (featuring 6 long-term tenants), prime office / retail property on 53,636 sf (1.2 acres) located in a high density residential area:
• Building: 10,575 sf
• Fully paved parking for over 70+ vehicles, additional parking at the rear of the building
• Pylon signage facing Main Street
• Zoning: C3

2539 Main Street corridor is zoned primarily for uses that provide commercial goods and services to residents of the community. Currently, the building is in good overall condition. All the units are in good condition with significant remaining economic life and serves a demand within the market. An easement agreement exists to allow for access, egress and cross-traffic between the subject site and the adjacent Co-op gas bar/c-store/car wash property.

This offering priced at $3,675,000 – closing to occur January 2023). Rivertree Landing Inc. is a bare trustee.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 05009207900
Zoning: C3

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Contact

Photograph of Listing Agent

Wes Schollenberg

Avison Young Commercial R.E.(Manitoba)
CPIX® Member
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