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9 Hawkridge Boulevard, Penhold
2024-09-26
Quick Summary
- Location
- 9 Hawkridge Boulevard, Penhold, Alberta T0M1R0
- Price
- $3,400,000
- Status:
- For Sale
- Property Type:
- Other
- Area:
- 12670ft2
- Year of Construction:
- 2014
MLS®#A2168434
Property Description
Great investment opportunity for this busy fully leased strip mall in the thriving town of Penhold, with solid long term tenants. This well constructed strip mall was built in 2014 (HAWKRIDGE MARKET SQUARE) on 1.19 acres the corner of highway 2a and Hawkridge Blvd. ( also one block from highway 42 that accesses highway QE2) in a busy shopping centre with numerous tenants in the surrounding CRU properties including Canada Post, IGA, Dairy Queen, Tim Hortons, Subway, IDA, Dentist, Doctors office etc. Penhold is a booming town located 7 minutes from Red Deer, with the relatively recent addition of a Multiplex, new High school, new residential subdivision. Population in the immediate trading area is close to 3000 people and growing with more than 6000 cars drive by everyday seasonally. The building is divided into 10 separate units each with their own HVAC (some tenants occupy more than one unit). Total building square footage is 12670 sq. ft. Tenants include Antler Hill Veterinarian Clinic, Blair's Liquor Store, Piece By Piece Nutrition Inc. , Mullets Barber Shop, Arashi Do Martial arts, Organic Oasis Spa & Salon Ltd. and Oh My Vape. This is the only strip mall in the immediate shopping district which can operate a liquor store (restrictive covenant for surrounding retail in place). CURRENTLY GENERATES $226568/YR NET INCOME WITH ESCALATORS IN PLACE. (id:32467)
Property Features
Building
- Cooling Type: Fully air conditioned
- Exterior Finish: Stone, Stucco
- Fireplace: No
- Interior Size: 12670 sqft
- Building Type: Commercial Mix
- Utility Water: Municipal water
Land
- Land Size: 1.19 ac|1 - 1.99 acres
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Zoning
- Description: C2
Information entered by RCR - Royal Carpet Realty Ltd.
Listing information last updated on: 2024-11-08 14:51:23
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for properties under $700,000. For properties over $700,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
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