107 First Avenue W, Cochrane, Alberta, T4C 1A5
107 First Avenue W, Cochrane, Alberta, T4C 1A5
Downtown, Cochrane
- $1,999,000
- $1,999,000
- A2215077
- 0.16
- 1970
Property Description
Discover the potential with this commercial property nestled in the vibrant and growing town of Cochrane. Offering a generous 4,427 square feet, this historic site currently hosts a happy trifecta of long-standing tenants: a bustling beauty salon, a charming shoe store, and a well-stocked large bookstore. All tenants have a solid track record of over a decade and have expressed eagerness to renew their leases. With an appealing 6.2% cap rate, this property not only provides immediate, stable cash flow but also offers exciting prospects for future development. The zoning allows for a variety of uses, making it adaptable to changing business landscapes or increasing community needs. Strategically positioned, the property puts you within short walking distances to key community spots. It’s a hop away from the Cochrane High School and a skip to the M&M Food Market. Also, the picturesque views at Cochrane Park are just a stone’s throw away, ensuring you’re never far from a relaxing natural retreat. This downtown gem is perfect for investors looking to capitalize on Cochrane’s growth while securing a property steeped in community history. Whether you’re looking to maintain its current uses or explore new opportunities, this commercial space offers a foundation ripe with potential.
Property Details
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Property Type Retail, Commercial
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MLS Number A2215077
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Year Built 1970
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Property Status Active
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Parking 6
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Brokerage name RE/MAX iRealty Innovations
Features & Amenities
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