About This Property

This retail in Camrose offers a 12,445 sqft lot. Built in 1910. The property has lot dimensions of 12445.187755315526.

MLS Remarks

Prime Value-Add Commercial Investment Opportunity – Camrose, AlbertaCAPITALIZATION RATE 7% - 14% WITH ADDITIONAL SPACEAn exceptional value-add commercial investment located in the heart of Camrose, Alberta, featuring a well-maintained Two-storey building anchored by The Marrow Restaurant & Lounge, a highly regarded upscale dining establishment and strong destination tenant.The property is currently leased on a triple-net basis and produces a solid 7% capitalization rate with the main floor tenant in place, offering immediate and stable cash flow.The true upside lies in the development potential of the additional two floors, consisting of approximately 6,000 square feet across the second floor and basement. These levels are well suited for a variety of uses (office, professional services, retail, or complementary hospitality concepts), providing a clear path for a new owner to significantly increase income. For Example:Existing Lease $13 a sq ft x 6000 sq ft = $78,000 base rent divided by $1.1 Million for building = 7% Cap RateDevelop the following spaceTop Floor @ $8.00 sq ft x 6000 sq ft = $48,000Basement @ $6.00 sq ft x 6000 sq ft = $36,000Total potential revenue base rent $162,000 = 14.7% Capitalization rate.Lots of power on site for Data Centers 800 AMP & 600 Volt.With full development and lease-up of the additional space, there is a strong opportunity to substantially increase net operating income and potentially double the capitalization rate, making this an ideal acquisition for investors seeking both income stability and long-term growth.Highlights:Two-storey commercial building with Full Basement Ceiling Height 94Anchor tenant: The Marrow Restaurant & Lounge (upscale, well-established)Triple-net lease with current 7% cap rateSignificant value-add and income-growth potentialPrime Camrose locationA rare opportunity to acquire a stabilized asset with immediate cash flow and exceptional upside. I have attached as well a business plan for a Banquet Facility in the second story. (id:60351)

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