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$ 699,000
Est. payment /mo
Active
604 1 Street S Grassy Lake, AB T0K0Z0
3,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3200
Square Footage 3,200 sqft
Price per Sqft $218
MLS® Listing ID A2285879
Year Built 1982
Property Description
Exceptional Turnkey Investment Opportunity. This offering includes the land, a mixed-use building, a well-established grocery business, all equipment, and an above-ground fuel tank. As the only grocery store in town, the business serves as the central retail hub, providing a steady revenue stream from groceries, liquor, tobacco, lottery, and fuel (regular and diesel). The previous postal services have been upgraded to a Purolator depot for higher margins and simpler operations. The property is meticulously maintained and includes a newly built 1,200 sq. ft. residential home (2 bedrooms, 2 bathrooms) located directly next to the store—perfect for an owner-operator or as a rental property. The grocery store occupies 3,200 sq. ft. on a spacious 0.544-acre lot, offering significant room for expansion. The 2025 property assessment is $532,330, which includes the land, the commercial building, and the residential home. Annual property taxes are $6,606.62. This assessment and tax amount are for the real estate only and do not include the value of the business assets. Future growth potential includes upgrading the fuel infrastructure or adding a shop-in-shop food depot to meet rising local demand. With new residential developments currently under construction nearby, this is a rare chance to acquire a thriving business with real estate in a growing Alberta community. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by First Place Realty