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$549,900
Alberta,Grande Prairie
For Sale Active
9801 97 Avenue, Grande Prairie, Alberta T8V0M9
  • 4,259 Sqft
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Basic Details
Description

This is a premier “turnkey” acquisition opportunity in the heart of downtown Grande Prairie. The current owner is prepared to offer a 12-month leaseback on the main floor (or a negotiated portion of the building), providing the purchaser with guaranteed Day 1 income. This unique arrangement mitigates vacancy risk and provides immediate debt-service coverage while the new owner stabilizes the

asset or plans a long-term leasing strategy.Asset Performance & Value-Add PotentialThe building comprises ± 4, 259 sq. ft. of versatile space across two levels, offering a low-barrier entry into the downtown core with high revenue potential:Dual-Tenancy Model: Architecturally suited for a main-floor commercial tenant and an independent upper-level professional office or residential live/work suite.Yield Projection: Based on current Central Commercial (CC) zoning trends, the property offers a conceptual gross income range of $43, 000 – $70, 000+ annually (depending on configuration and market verification).Accessibility Advantage: The main floor is fully wheelchair accessible, targeting a high-demand, underserved niche for medical, legal, and government-agency tenancies.Strategic Capital ImprovementsMinimize near-term CAPEX and maximize ROI with recent high-value upgrades:New Flat Roof (Recently installed)Modernized exterior siding and professional entranceContemporary interior presentation aligned with neighboring modern developmentsSite Flexibility & Future UpsideOn-Site Parking: Situated on an 8, 000 sq. ft. lot, providing the essential parking required for professional service firms.Strategic Acquisition: An adjacent 33′ x 122′ lot is available for separate purchase, offering a rare “land-bank” opportunity for building expansion, additional parking, or a phased multi-use redevelopment.Property SpecificationsTotal Building Size: ± 4, 259 Sq. Ft.Lot Size: 8, 000 Sq. Ft. (Plus adjacent lot option)Zoning: CC (Central Commercial) – supports professional, health, and educational uses.Location: Prime Downtown core with high visibility and established foot traffic.Ideal for owner-users seeking to build equity or investors looking for a value-add asset with immediate stability.Additional information and the “Mixed-Use Business Supplement” are available upon request through your Commercial REALTOR®. (id:62650)

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Basic Details
  • Property Type: Other
  • Listing Type: For Sale
  • Listing ID: A2249826
  • Price: $549,900
  • Square Footage: 4,259 Sqft
  • Year Built: 1958
  • Status: Active
  • Property Sub Type: Other
  • Office Key: 48822
Address Map
  • Location: CA, Alberta, Grande Prairie, Central Business District, T8V0M9
  • Street: 97
  • Street Number: 9801
  • Street Suffix: Avenue
  • Longitude: W119° 12' 40.4''
  • Latitude: N55° 10' 3.8''
Additional Information
  • Lot Features:
  • Lot Size Dimensions: 8052.48
Financial
  • Tax Annual Amount: 8737
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Listing updated: 2026-06-16 08:24:51
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Listing Information
  • List Agent Key: 1584776
  • List Office Key: 48822
  • Modification Timestamp: 2026-06-16T12:15:03Z
  • Originating System Name: Grande Prairie & Area Association of REALTORS®
  • Status Change Timestamp: 2026-06-16T12:07:06Z
Powered by REALTOR.ca
Listing updated: 2026-06-16 08:24:52
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