AB > Penhold > Hawkridge Estates
Penhold, AB T0M 1R0,9 Hawkridge BLVD
Penhold, AB T0M 1R0,9 Hawkridge BLVD
Penhold, AB T0M 1R0,9 Hawkridge BLVD
Penhold, AB T0M 1R0,9 Hawkridge BLVD
Penhold, AB T0M 1R0,9 Hawkridge BLVD
Penhold, AB T0M 1R0,9 Hawkridge BLVD
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Ed Black

Ed Black

+1(403) 830-8510
$ 3,400,000
Est. payment | /mo

1.19 Acres Lot

Save
$ 3,400,000
Est. payment | /mo
Save

1.19 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Hawkridge Estates

MLS® Listing ID A2168434

Originating Board Central Alberta

Year Built 2014

Annual Tax Amount $39,315

Tax Year 2024

Lot Size 1.190 Acres

Acres 1.19

Lot Dimensions 0.00X0.00

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.

Location

Province AB

County Red Deer County

Zoning C2

Interior

Heating Natural Gas

Cooling Full

Inclusions NONE

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Membrane

Building

Lot Description Irregular Lot

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Metal Frame,Stone,Stucco

Others

Restrictions Restrictive Use Clause

Tax ID 92002622

Ownership Private

Listed by RCR - Royal Carpet Realty Ltd.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 830-8510

ed@edblack.ca

# 700, 1816 Crowchild Trail NW, Calgary, T2M, 3Y7, Canada

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9 Hawkridge BLVD