Property Details for MLS® # A2285879
604 1 Street, Grassy Lake
Business for Sale
- MLS®#: A2285879
- Price: $699,000
- Status: Active
- Year Built: 1982
Exceptional Turnkey Investment Opportunity. This offering includes the land, a mixed-use building, a well-established grocery business, all equipment, and an above-ground fuel tank. As the only grocery store in town, the business serves as the central retail hub, providing a steady revenue stream from groceries, liquor, tobacco, lottery, and fuel (regular and diesel). The previous postal services have been upgraded to a Purolator depot for higher margins and simpler operations. The property is meticulously maintained and includes a newly built 1,200 sq. ft. residential home (2 bedrooms, 2 bathrooms) located directly next to the store—perfect for an owner-operator or as a rental property. The grocery store occupies 3,200 sq. ft. on a spacious 0.544-acre lot, offering significant room for expansion. The 2025 property assessment is $532,330, which includes the land, the commercial building, and the residential home. Annual property taxes are $6,606.62. This assessment and tax amount are for the real estate only and do not include the value of the business assets. Future growth potential includes upgrading the fuel infrastructure or adding a shop-in-shop food depot to meet rising local demand. With new residential developments currently under construction nearby, this is a rare chance to acquire a thriving business with real estate in a growing Alberta community.
Contact Dan Salloum About MLS® A2285879
Dan Salloum, 403-807-0366 at RE/MAX HOUSE OF REAL ESTATE, 4034-16 st SW, Calgary, Alberta, T2T-4H4
property information
- Property Type: Business
- MLS®#: A2285879
- Year Built: 1982
Community Information
- Address: 604 1 Street
- Neighbourhood: Grassy Lake
- City: Grassy Lake
- Postal Code: T0K 0Z0
interior
- Included: The seller will provide a list of equipment once the offer is accepted.
- Fireplace Details: For Sale
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