9801 97 Avenue, Grande Prairie, T8V0M9

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Description

This is a premier "turnkey" acquisition opportunity in the heart of downtown Grande Prairie. The current owner is prepared to offer a 12-month leaseback on the main floor (or a negotiated portion of the building), providing the purchaser with guaranteed Day 1 income. This unique arrangement mitigates vacancy risk and provides immediate debt-service coverage while the new owner stabilizes the asset or plans a long-term leasing strategy.Asset Performance & Value-Add PotentialThe building comprises ± 4,259 sq. ft. of versatile space across two levels, offering a low-barrier entry into the downtown core with high revenue potential:Dual-Tenancy Model: Architecturally suited for a main-floor commercial tenant and an independent upper-level professional office or residential live/work suite.Yield Projection: Based on current Central Commercial (CC) zoning trends, the property offers a conceptual gross income range of $43,000 – $70,000+ annually (depending on configuration and market verification).Accessibility Advantage: The main floor is fully wheelchair accessible, targeting a high-demand, underserved niche for medical, legal, and government-agency tenancies.Strategic Capital ImprovementsMinimize near-term CAPEX and maximize ROI with recent high-value upgrades:New Flat Roof (Recently installed)Modernized exterior siding and professional entranceContemporary interior presentation aligned with neighboring modern developmentsSite Flexibility & Future UpsideOn-Site Parking: Situated on an 8,000 sq. ft. lot, providing the essential parking required for professional service firms.Strategic Acquisition: An adjacent 33' x 122' lot is available for separate purchase, offering a rare "land-bank" opportunity for building expansion, additional parking, or a phased multi-use redevelopment.Property SpecificationsTotal Building Size: ± 4,259 Sq. Ft.Lot Size: 8,000 Sq. Ft. (Plus adjacent lot option)Zoning: CC (Central Commercial) – supports professional, health , and educational uses.Location: Prime Downtown core with high visibility and established foot traffic.Ideal for owner-users seeking to build equity or investors looking for a value-add asset with immediate stability.Additional information and the "Mixed-Use Business Supplement" are available upon request through your Commercial REALTOR®. (id:39198)

245 days

On Market

Other

Property Type

$8,737 / Year

Est. Taxes

Commercial Mix

Style

-

Garage

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Basement