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Investment Highlights
- Offered at only $105/SF, this is a very affordable office or medical building that leaves plenty of room to remodel or make aesthetic updates.
- Accessible from 3 arterials with approximately 63 dedicated parking stalls.
- Offered price is below tax assessed value of $1,104,550.
- Offered price is based upon $115/SF attributable to the former optometry area and $92/SF attributable to the remaining area.
- HVAC recently replaced in the former optometry portion of the building.
Executive Summary
THIS OFFERING is for the opportunity to purchase an affordable office or medical building in the medical center district near downtown.
The building is divided into an approximately 6,652SF area that was historically occupied by an optometrist and is currently set up for either continued medical or traditional office use with a large dual-side reception area with significant built-ins and waiting areas, 11 private exam rooms of offices, and an approximately 3,572SF area with 7 private offices, bullpen areas and a conference room.
HVAC was recently replaced in the former optometrist area.
The building is divided into an approximately 6,652SF area that was historically occupied by an optometrist and is currently set up for either continued medical or traditional office use with a large dual-side reception area with significant built-ins and waiting areas, 11 private exam rooms of offices, and an approximately 3,572SF area with 7 private offices, bullpen areas and a conference room.
HVAC was recently replaced in the former optometrist area.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,414 SF
Building Class
B
Year Built
1975
Price
$1,490,334 CAD
Price Per SF
$143.11 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,414 SF
Building FAR
0.29
Lot Size
0.83 AC
Zoning
B1
Parking
63 Spaces (6.05 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,200,985 CAD | |
| Land Assessment | $326,153 CAD | Total Assessment | $1,527,138 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$326,153 CAD
Improvements Assessment
$1,200,985 CAD
Total Assessment
$1,527,138 CAD
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401 S 12th Ave
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