$699,000
( )
 $3,752 est/mo Sourced by Back At You

604 1 Street,Grassy Lake, AB T0K 0Z0

Grassy Lake, AB T0K 0Z0

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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 buildingideal 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.

Details

MLS #A2209104
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1982
Days On Site103
Listing Provided ByFirst Place Realty | Jason Choi

Features

SQ Feet3,200
ZoningC

Parking

Garage Yn0

Other

List AorCalgary

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Contact

Learn More About This Property

Cindy Trudel

Cindy Trudel

Move To GP

 (780) 832-8939
StateAB
CountyTaber, M.D. of
CityGrassy Lake
Zip CodeT0K 0Z0
AreaTaber | M.d. Of
Sourced by Back At You
Listing Updated: July 2, 2025 at 12:09:26 PM PDT

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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