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Mixed-Use Commercial Property in Provost, AlbertaThis older mixed-use commercial property offers a combination of retail, office, and residential space, with some renovations completed over the years.The front area is currently set up as a salon/barber shop or retail space, providing a functional commercial footprint for a small business or service-based tenant.The middle section of the building includes 3 private offices, a sitting area, and a washroom. Two of the offices are currently vacant, which may provide an opportunity for additional rental income if leased.At the rear of the building is a 1-bedroom, 1-bath residential suite with a kitchen, living room, and front/rear access. The suite adds another potential income source or flexible-use area within the property.Updates include a new roof in 2020, flooring updates in 2017, and kitchen and bathroom renovations in the residential suite completed around 2014/2015.Financial Performance — January 1 to June 30, 2026Based on the information provided, the property has generated the following year-to-date numbers:Gross rental income, 6 months: $8,340.00Operating expenses, taxes and utilities: $3,986.07Net operating income, 6 months: $4,353.93Annualized projected NOI: $8,707.86Located in Provost, Alberta, this property may be suitable for a buyer looking for an older mixed-use building with existing rental income, completed updates, and the potential to improve revenue through vacant office lease-up. (id:55690)
| Constructed Date | 1963 | Cooling Type | Central Air Conditioning |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Other, Forced Air | Size Exterior | 1908 Sqft |
| Size Interior | 1908 Sqft | Total Finished Area | 1908 Sqft |
| Type | Commercial Mix |
| Acreage | No | Size Depth | 35.05 M |
| Size Frontage | 7.62 M | Size Irregular | 2875.00 |
| Size Total | 2875 Sqft|0-4,050 Sqft | Size Total Text | 2875 Sqft|0-4,050 Sqft |
| Zoning Description | C1 |
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