Listing Details
For more information on this listing or other please contact me.
Courtesy of RE/MAX Professionals.
Data was last updated 2025-06-25 at 20:18:11 GMT
50th Ave Gibbons, Alberta
$1,800,000
MLS®: 45302174
Retail Shopping Centre: Fully occupied by 5 tenants?Food Store, Gibbons Liquor Loft, Prime Pizza and Donair, Pit Stop Pub, and Lee?s Restaurant. Built-in Growth: Long-term leases in place featuring built-in rental escalations (e.g., Food Store increases to $11.00/SF; Prime Pizza has scheduled step-ups in Years 3 and 5). Bonus: Two Businesses with extra income:Pit Stop Pub: Beyond standard property rental income, the asset includes the operations of the owner-operated Pit Stop Pub: Robust VLT Income: Delivers $7,500+/month in gaming commissions ($90.4k in FY25)Liquor Loft: also owned by the plaza owner. It delivers $914k 3-yr avg gross sales ($147k avg margin), plus massive upside by cutting $178k+ in hired staff overhead.
Listing Information
- Prop. Type:
- Commercial Sale
- Status:
- Active
- City:
- Gibbons
- MLS® Number:
- 45302174
- Area:
- Edmonton
- Province:
- Alberta
- Listing Price:
- $1,800,000
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This property is listed by RE/MAX Professionals and provided here courtesy of
Ashley Agent.
For more information or to schedule a viewing please contact Ashley Agent.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.