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$ 900,000
Est. payment /mo
New
505 Railway ST W #2, 3, 4 Cochrane, AB T4C 2E2
2,864 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,864 sqft
Price per Sqft $314
Subdivision Downtown
MLS Listing ID A2253309
HOA Fees $1,435
HOA Y/N Yes
Year Built 2006
Property Sub-Type Mixed Use
Property Description
Discover a rare chance to own a strategically located commercial real estate asset in the heart of Cochrane's vibrant downtown on Railway Street. This offering includes three combined main-floor commercial condo units, totaling 2,865 sq. ft. The property is currently leased to two strong tenants, with 2,321 sq. ft. secured by Broker Link under lease until mid-2027, and an additional 543 sq. ft. leased separately for the same favorable term. Broker Link, a highly reputable tenant, adds exceptional stability and peace of mind for investors. The property is positioned on a busy thoroughfare with excellent visibility and high foot traffic, just half a block from the Cochrane transportation hub, making it convenient and accessible. The well-managed condo association, with solid financials, further supports long-term value. Ample on-site parking is available for tenants and clients, while the units themselves are modern, well-maintained, and attractive to a wide range of businesses, ensuring they will be easily re-rented if ever vacant.
Originally purchased as a retirement investment, this property is now ready to be passed on, presenting an exceptional opportunity for investors seeking reliable income streams in a thriving community. Don't miss your chance to own this premier investment in one of Cochrane's most desirable commercial locations. Contact your REALTOR® or the listing agent today for full details and supporting materials.
Originally purchased as a retirement investment, this property is now ready to be passed on, presenting an exceptional opportunity for investors seeking reliable income streams in a thriving community. Don't miss your chance to own this premier investment in one of Cochrane's most desirable commercial locations. Contact your REALTOR® or the listing agent today for full details and supporting materials.
Location
Province AB
County 0269
Zoning C-G
Interior
Heating Boiler
Inclusions none
Fireplace No
Exterior
Garage No
Building
Dwelling Type Mixed Use
Foundation Poured Concrete
Others
Restrictions Landlord Approval
Listed by CIR Realty