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Retail Property For Sale at 1901 20 Avenue in Nanton, Alberta

4 Sale ID #113856
Updated 27 Apr 2024

Asking Price

$1,395,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

HISTORIC NANTON ALBERTA! This iconic historic property, W.S.Keeley building, first opened its business doors in 1909 and has been home to many successful businesses over the last century. Now is your chance to own this piece of history with unlimited opportunity as big as your imagination! Imagine getting to live above your business; how about a travel hotel up and cafes and shops on the main, or galleries on the shop floors and artisan working studios above, or shops and services on the main with a business centre coop upstairs. The ideas just keep coming. Located on the provincial highway with thousands of cars passing daily, in a tourist stop off day-tripping famous Art & Antique Walk town, and only 40 minutes to the vibrant city of Calgary. Whatever your passion this is the ideal property to create a lifestyle business. With over 7000 sq. ft. of future dream space this charming building has had many modern upgrades, mechanics, heating, roofing, structure, and décor. The potential of this building is endless. The wide-open main floor can be split into multiple shops as there is separate street front entrances as well as a third front entrance to the upstairs units. Historically preserved and professionally maintained for over 20 years by the current owner, the building has seen many phases of an extensive historic renovation too many to list here, but a full info sheet is available. Some of the major improvements included new boiler systems, solar on roof, new separate furnace units, ceiling restoration to original lath including lighting/electrical upgrades, original fir floors treated, courtyard fenced with salvaged authentic brick and wrought iron, and even the back shed restored with the exterior of a 1920’s horse barn. The eye to detail in the over 2 decades of ongoing maintenance and historic renovation shines through in one of the most preserved rare saved small town historic buildings in the province.Built in 1909 by C.H. Marshall this landmark two sto ry brick block corner was fitted with the finest shop fixtures opening as a hardware and furniture business for many years. By 1935 it was then purchased by William S. Keeley, evolving into a men’s & ladies’ shop and general store. In 1941 Keeley remodelled the upper floors of the now the W.S.Keeley building in to 6 separate apartments living spaces. This charming upper floor would be ideal future office rental space, or residential potential periodic rentals/travellers’ hotel or make a fabulous personal residence lifestyle space. The town of Nanton is famous for its Art & Antique Walk drawing shoppers weekly to this historic destination town. Located on the provincial highway with thousands of cars passing daily. Whatever your passion this is the ideal property to create a lifestyle business. Nanton’s is steeped in prairie history, home to antiques & artisan shops, prairie Elevators, world class Air Museum, rodeo, ranching and more! A great town to start a new business and to raise a family. (id:39198)

  • MLS® : #A2011344
  • Date Listed : 24 Nov 2022

Location

Province

Alberta

City

Nanton

Address

1901 20 Avenue

Postal Code

T0L1R0

Location Highlights

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Listed by

CIR REALTY Alberta listing

Category

retail-properties

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

7,280

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$1,395,000

Asking Price

$1,395,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

7,280

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

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Market Competition

N/A


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