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DESCRIPTION

9.5% Cap Rate- Plaza One Shopping Mall; located in the heart of downtown Fort McMurray in the major business hub which Includes neighbouring businesses like Walmart, The Brick, Staples, Canadian Tire, Sobeys and much more. Right next door is the River Pointe Shopping Centre. This Strip mall shopping Centre development is 38,700sqqft sitting on 2.31 Acres which is currently occupied by multiple tenants and is being used for various commercial retail, professional office (Dentist, Account, Lawyer), food service and other related uses. It consists of 2 buildings the first of which is a 33,600 concrete block structure with main level & upper level & basement level spaces which was built in stages starting in 1970, 1974 & 1997 to which you have today more details can be provided on this. The second free-standing building was built in 1998 and then added too in 2006 for a total of 5,100sqft. The building has been well maintained with many improvements. The Parking lot is paved asphalt and has excellent parking + you have large Pylon sign. The property has access front, rear and side entry access for easy traffic flow. Property has been well occupied and continues to be well occupied due to its exceptional location amongst the major business hub in downtown Fort McMurray; which drives customers and traffic to this location.

KEY DETAILS
  • Price:
  • $10,900,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • 38,700
  • Acreage:
  • 2.31
  • Year Built:
  • 1975
  • Listing #:
  • A1157716
  • Street Address:
  • 8706 Franklin Ave
  • City:
  • Fort McMurray
  • State:
  • AB
  • Postal Code:
  • T9H 2J6
  • County:
  • Wood Buffalo
  • Area:
  • Downtown
  • Subarea
  • Fm Southeast
  • Subdivision:
  • Downtown
  • Listing Status:
  • For Sale - Active

Building

  • Construction Description:
  • Brick, Concrete, Metal Frame, Mixed, See Remarks, Wood Frame
  • Dwelling Type:
  • Free-Standing, Shopping Centre, Strip Mall, Walk-Up
  • Dwelling Type:
  • Low Rise (2-4 Stories)
  • Foundation:
  • Combination, Poured Concrete, Slab
  • Total Building Square Footage:
  • 38700
  • Type Of Roof:
  • Flat Torch Membrane, Membrane, Tar/Gravel
  • Year Built:
  • 1975

Land

  • Conforms To Zoning:
  • Fra1
  • Lot Features:
  • Near Public Transit, Paved, See Remarks
  • Lot Size Front:
  • 0.00m 0`0
  • Lot Square Footage:
  • 100624
  • Road Access:
  • Accessible To Major Traffic Route, Front And Rear Drive Access, Major Shopping Nearby, Paved Road, Public Transportation Nearby, See Remarks, Strip Shopping Mall, Two-Way Access

Listing

  • Days On Market:
  • 31
  • Originating Mls:
  • Pillar9

Location

  • District:
  • Fm Southeast
  • Subdivision:
  • Downtown

Rules

  • Show Listing And/Or Property Address:
  • 1

Systems

  • Cooling System:
  • Central Air
  • Heating:
  • Forced Air, Natural Gas, See Remarks

Source

  • Listing Provided By COLDWELL BANKER FORT MCMURRAY
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