8706 Franklin Avenue, Fort McMurray

$10,900,000

0 Bed
0 Bath
2 Acres
0 Garage

9.5% Cap Rate- Plaza One Shopping Mall; located in the heart of downtown Fort McMurray in the major business hub which Includes neighbouring businesses like Walmart, The Brick, Staples, Canadian Tire, Sobeys and much more. Right next door is the River Pointe Shopping Centre. This Strip mall shopping Centre development is 38,700sqqft sitting on 2.31 Acres which is currently occupied by multiple tenants and is being used for various commercial retail, professional office (Dentist, Account, Lawyer), food service and other related uses. It consists of 2 buildings the first of which is a 33,600 concrete block structure with main level & upper level & basement level spaces which was built in stages starting in 1970, 1974 & 1997 to which you have today more details can be provided on this. The second free-standing building was built in 1998 and then added too in 2006 for a total of 5,100sqft. The building has been well maintained with many improvements. The Parking lot is paved asphalt and has excellent parking + you have large Pylon sign. The property has access front, rear and side entry access for easy traffic flow. Property has been well occupied and continues to be well occupied due to its exceptional location amongst the major business hub in downtown Fort McMurray; which drives customers and traffic to this location.

Essential Information
MLS® #A1157716
Price$10,900,000
Bathrooms0.00
Acres2.00
Year Built1975
TypeCommercial
Sub-TypeRetail
StatusActive
Community Information
Address8706 Franklin Avenue
SubdivisionDowntown
CityFort McMurray
CountyWood Buffalo
ProvinceAlberta
Postal CodeT9H 2J6
Interior
CoolingCentral Air
Heating

Forced Air, Natural Gas, See Remarks

Lot Description

Near Public Transit, Paved, See Remarks

Roof

Flat Torch Membrane, Tar/Gravel, Membrane

Construction

Brick, Concrete, Mixed, See Remarks, Wood Frame, Metal Frame

Foundation

Poured Concrete, Slab, Combination

Additional Information
Date ListedOctober 29th, 2021
Days on Market36
ZoningFRA1
Listing Details
OfficeCOLDWELL BANKER FORT MCMURRAY
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Listing information last updated on December 4th, 2021 at 7:00am MST.