213 Railway Avenue, Cremona, Alberta

About 213 Railway Avenue

Attention Investors!!! Dual unit commercial building and lot with an 8.7% Cap Rate! Located in the charming small town of Cremona, Alberta, this property features a 6,000 sf commercial building with 2 units and a large 0.64 acre lot with additional income potential. 1,500 sf rented to a successful coffee roasting company. 4,500 sf currently temporarily rented to a local animal shelter with negotiations under way with a new potential long term tenant. This property is suited to a variety of different uses, whether industrial, commercial, retail or manufacturing. Previous tenants have included a hardware store and farmer's market. The building is well maintained, durable and attractive. The side lot had previously been rented out as a car lot and provided additional income on top which could provide for an even better cash flow and return on investment or possibly build self storage. There are two other additional lots adjoining to the east which could be purchased as a package and make for a fantastic parcel of land and income potential. Whether as a turn key rental cash flow generator or potentially an owner operated business, this building and property offers unlimited potential and is a solid investment. Contact your Realtor today!

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