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Investment Highlights

  • Fully equipped restaurant and bar included in sale, operated with pride and care.
  • 50 energized parking stalls with direct city street and alley access.
  • Vacant units offer immediate upside for leasing or owner expansion.
  • 13,000 SF retail strip mall with flexible layout and multiple storefronts.
  • Located in Bassano, Alberta with strong community and business support.
  • Zoned for retail and hospitality uses with no known restrictions.

Executive Summary

Extremely well-built strip mall located in the welcoming community of Bassano, Southern Alberta. The property features four bays in total, including Armando’s Restaurant, a fully equipped restaurant and bar, one occupied thrift store, and two vacant bays, offering excellent flexibility for future leasing or owner use.This is a rare opportunity to purchase the land, building, and established restaurant business, all in one transaction. The restaurant and pub have been meticulously maintained and cared for with clear pride of ownership, reflecting the attention to detail of an owner-operator. The vacant bays have intentionally been left unleased, allowing a new owner the freedom to determine tenant mix or alternative uses.Ample on-site parking and solid construction further enhance the long-term value of this investment in a stable Southern Alberta town. (31557410)

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
13,882 SF
Building Class
C
Year Built
1977
Price
$899,900 CAD
Price Per SF
$64.82 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.77 AC
Zoning
C-1 - Commercial
Parking
50 Spaces (3.85 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Armando's Ristorante
  • Retailer
  • 6,000 SF
  • -
  • TBD
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Armando's Ristorante Retailer 6,000 SF - TBD -
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
  • Listing ID: 40605730

  • Date on Market: 2021-02-15

  • Last Updated:

  • Address: 308 2nd Av, Bassano, AB T0B 0B0

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