Address
1370 Robinson Avenue # 4, Penhold, AB
Price
$ 1
Property Attributes
  • MLS#A1055995
  • TypeCommercial
  • CityPenhold
  • NeighbourhoodHawkridge Estates
  • Postal CodeT0M 1R0
  • StyleMulti Unit
  • Price$ 1
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Pillar 9 Technologies
Property Description

Very visible and desirable location on the highway between Red Deer and Penhold. Newer and well maintained attractive building with ample ground parking for customers. Current tenants are Canada Post and a retail Cannabis store creating strong pedestrian traffic. Building is located adjacent to new commercial center with Tim Hortons, Subway, pharmacy, grocery store doctor & dentist offices, liquor store, gas station, child care, etc. Space is suitable for a Thrift Store, Retail Store, Yoga/Fitness Studio or a Pub &/or Restaurant. Penhold is a growing area located 7 minutes south of Red Deer with a population of approximately 3,916 (2022) and a trading area of 130,000. Current NNN is approximately $7.60 per sq. ft. Prefer a 5 year lease with escalations to be negotiated. Landlord open to completing improvements for qualified tenant. Property taxes are included in the NNN costs. Basic rent is free (Base Rent) for the 1st 6 months of a 5 year lease. This unit can be combined with unit #3 for a total sq. footage or 3,710 sq. ft. Landlord is prepared to provide lease and improvement inducements for the right tenant.

Price History
12/22/2020 Listed $17
10/21/2021 53% - $8
12/2/2021 88% - $1

General Features

Zoning C2
Unit Number 4
Property SubType Retail
Transaction Type For Lease
Property Type Commercial
Subdivision Name Hawkridge Estates
Public Remarks Very visible and desirable location on the highway between Red Deer and Penhold. Newer and well maintained attractive building with ample ground parking for customers. Current tenants are Canada Post
Structure Type Multi Unit

Interior Features

Building Area Total SF 1855.00
Building Area Total Metres 172.33
Main Level Areas SquareFeet

Exterior Features

Building Area Total 1855.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in T0M 1R0

Visits
AVG 277
357
Data Provided by Inside Real Estate®
Year Built
AVG 2015
2013
Walkscore
AVG 33
16
Data Provided by Walkscore® not using MLS data