Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30298363
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 5,760 SF
Gross Building Area: See Agent
Gross Land Area: 6,786 SF
Sale Price: $749,000
Unit Price: $130.03 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Building Name: PARK ALLEYS
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2019

Overview / Comments

Price reduced to sell! At $130 per sq. ft. of building area this property is a bargain! Appraised at $805,000 in 2014. Rare opportunity to buy a fantastic retail building in highly sought after area of South Osborne St. The building is 5,760 sq. ft. of clear span space with 12' high ceilings. Tar & gravel roof recently redone and 2 newer heat/cool systems installed in 2016. Ideal for all types of retail, fitness business, restaurant/bar, entertainment venue, etc. Ideal property for a developer looking for a property with great upside to it. The building could be developed into 2 separate units as there are 2 separate heat/cool systems. Excellent loading area directly in front of the building on Osborne Street with very good customer street parking surrounding the property.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 1A
Zoning: C2
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1946
Roof Type: Flat
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central

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Photograph of Listing Agent

David Bergman

RE/MAX professionals
CPIX® Member
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