10701 100 Ave, Morinville Morinville, Alberta, T8R1A2
Listing Price
$1,800,000
commercial
0 beds
0 baths
3899 sqft
Property Details
Property Type
commercial
Year Built
2021
Parking Spaces
20
Lot Size
24829.2 square feet
Lot Dimensions
24829.199999999997
MLS Number
44802240
Listed Date
May 1, 2026
Days on Market
0
Description
Prime Commercial Investment OpportunityThis exceptional 5-year-old commercial building offers a rare combination of modern construction and a high-visibility, prime location with ample parking. The property is currently 100% occupied by the three original tenants, all of whom have secured their long-term commitment by signing five-year lease extensions through 2031.The investment provides immediate and growing returns. Currently generating $89,946.00 in annual revenue, the income is scheduled to increase to $92,691.00 starting in November 2026. Efficiency is maximized through a structure where all utilities, maintenance, and property taxes are managed as operational costs and paid directly by the tenants. At a list price of $1.8 million (plus applicable GST), this represents a stabilized cap rate of approximately 4.99%. This is an ideal acquisition for an investor seeking a turnkey, low-maintenance asset in a premium corridor with established tenancy and consistent revenue growth. Custom built by Atlas Premium Homes (id:63190)
Location
10701 100 Ave, Morinville, Alberta, T8R1A2
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