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14 Railway Av 3,261 SF 100% Leased Retail Building Lomond, AB T0L 1G0 $240,000 CAD ($73.60 CAD/SF)
INVESTMENT HIGHLIGHTS
- Frontage on Highway 845 (Railway Avenue West).
- Close proximity to schools, Library, Town Hall and residential neighborhood.
- Draws from 6,000 +/- Population in District.
- Great nearby amenities.
- Potential for VLTs and off-sales.
EXECUTIVE SUMMARY
This is a fully equipped, recently renovated 3,261 sq ft restaurant and lounge in Lomond, Alberta, available immediately for $270,000. The property includes modern upgrades: bar extension, new kitchen ventilation, updated electrical, HVAC, flooring, and enhanced wall/paint finishes. Seating capacity is ~53 in restaurant + ~47 in lounge/bar, with potential for VLTs/off-sales, drawing from a ~6,000 population in the surrounding district.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,261 SF
Building Class
C
Year Built
1954
Price
$240,000 CAD
Price Per SF
$73.60 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.27 AC
Zoning
NRIC - Non-Res – Improved Commercial
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14 Railway Av
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