$699,000.00 3,200 Sq.ft

604 1 Street S, Grassy Lake. T0K 0Z0

Description

Exceptional Turnkey Investment Opportunity. This offering includes land, a mixed-use building (grocery and residential), a well-established grocery business, equipment, and an above-ground fuel tank. The business serves as a central retail hub for the town, offering a comprehensive range of products including groceries, liquor, tobacco, lottery, and fuel (regular and diesel). As the only grocery store in town, it enjoys consistent customer traffic and reliable revenue streams. The property has been thoughtfully upgraded and is meticulously maintained. A newly built 1,200 sq. ft. residential home featuring 2 bedrooms and 2 bathrooms is located directly adjacent to the commercial building—ideal for owner-occupancy or generating additional rental income. The grocery store occupies 3,200 sq. ft. on a 23,702 sq. ft. (0.544 acre) lot, with significant potential for further development. Opportunities include enhancing the existing fuel infrastructure, introducing a shop-in-shop food depot in response to growing local demand. This growth is expected to further increase foot traffic and broaden the store’s customer base, enhancing long-term value for investors and operators alike. New residential developments are currently under construction, adding significant value to this opportunity whether for investment purposes or owner-occupied operation. This is a rare chance to acquire a thriving business with real estate and immediate upside in a growing Alberta community.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2209104
City:Grassy Lake
Neighbourhood:NONE
Province:Alberta
Building/Unit Size: 3,200 sq.ft
Land Size:0.00 Acre
Listing Price:$699,000.00
Lease Rate:$0.00
Business Type: Grocery Grocery
Property Subtype:Business
Transaction Type:For Sale
Land Use Code:C
Listing Contract Date:2025-04-07

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "First Place Realty" listing brokerage.

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