AB > Cold Lake
Cold Lake, AB T9M 1R5,5414 55 ST
Cold Lake, AB T9M 1R5,5414 55 ST
Cold Lake, AB T9M 1R5,5414 55 ST
Cold Lake, AB T9M 1R5,5414 55 ST
Cold Lake, AB T9M 1R5,5414 55 ST
Cold Lake, AB T9M 1R5,5414 55 ST
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Nathan Lorenz

Nathan Lorenz

+1(825) 461-5091
$ 459,900
Est. payment | /mo

3,682 SqFt

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$ 459,900
Est. payment | /mo
Save Virtual Tour

3,682 SqFt

Key Details

Property Type Commercial

Sub Type Office,Retail

Listing Status Active

Purchase Type for sale

Square Footage 3,682 sqft

Price per Sqft $124

MLS® Listing ID E4381111

Year Built 1957

Property Description

The subject property contains 2 titled lots with spas/massage businesses operating independently out of each side. The building saw major renovations in 2019 of over $200,000, including a whole new roof, new shingles, new windows, new doors, new hot water tank, new A/C, new electrical upgrade to 200amp, & repairing & replacing old material, & totally renovating the North side rental space to a totally modern area. The total building area is about 3682sqft. with the 'Chill Out' side comprising about 2500sqft. & 'Trai-Seas' comprising about 1182sqft. Trai-Seas has been a tenant for approximately 10 years & pays $2000/month, while 'Chill Out', a relatively new tenant with a 3 year lease, pays $2800/month. There are 3 furnaces, air conditioning, & 2 hot water tanks. There is plenty of parking in the front for clientele as well as a huge amount of parking behind the building. Both businesses in each unit has multiple sinks with 'Chill Out' having 2 half baths, a shower, & tub, & "Trai-Seas' having 1 half bath.

Location

Province AB

Community Cold Lake South

Area Cold Lake

Exterior

Amenities Available Air Conditioning, Appliances Included, Lunchroom, Paved Yard, Shower, Storefront, Storage, Detectors Smoke, Hot Water Natural Gas, Laundry-In-Suite, Parking-Plug-Ins, Storage-In-Suite, Vinyl Windows, Visitor Parking

Building

Story 1

Copyright 2024 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Kelly Baker • RE/MAX Platinum Realty
agent-avatar

Thanks for stopping by. My name is Nathan Lorenz, REALTOR® at Real Broker here in the Greater Edmonton area real estate market helping clients buy, sell, or invest in real estate. 

So if you are here to learn about the real estate and housing markets, learning specifically about the Edmonton and area real estate market, or investing in real estate, I can be your guide! 


I would love to connect! ​​​​​​​

+1(825) 461-5091

nathan@lorenzgroup.ca

3400-10180 101 St NW Edmonton, Alberta T5J3S4

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5414 55 ST