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Courtesy of RE/MAX River City (commercial Division).
$24,200,000

8530 Franklin Ave   Fort McMurray, Alberta

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The economic trend for the province is being mirrored by the financials of Platinum Hotels Fort McMurray as the NOI has almost doubled from two years ago and is continuing to trend upwards. Positioned in one of the most amenity-rich areas of downtown Fort McMurray, Platinum Hotels Fort McMurray and Harris Appliances (the adjoined retail space) are shadow anchored by Save On Foods with close proximity to RONA, Staples, Cora?s Restaurant, Fatburger Restaurant, Liquor Depot, CIBC, Original Joe?s Restaurant, Canadian Tire, RBC Royal Bank, Starbucks, and is across the street from the Hospital.
With the majority of the business of Platinum Hotels Fort McMurray being corporate, the 56 rooms are designed specifically for that clientele allowing comfortable dual occupancy. With two separate bedrooms, two separate bathrooms, and a joint living space with kitchenette the configuration is purpose driven for colleagues on multiple day stays. The location maximizes that effect and is one of the defining competitive advantages of this hotel in contrast to the competition. Guests can easily check-in, park underground, acquire the essentials from the grocery store and then enjoy a restaurant within walking distance. This advantage is magnified considering some of the clientele would fly in or be bussed in.
The main floor retail space is 18,105 sq. ft. plus a 2,308 mezzanine area. The current configuration is three offices and storage space on the mezzanine with the majority of the retail space operating as the showroom of Harris Appliances. There is also a loading dock area with two raised loading docs plus an adjustable dock. This space does have the potential to be demised into smaller retail bays, including allowing for an additional storefront facing the rear of the building that does front a street. The former tenant of this space for several years was SEARS which would suggest that a major corporation would also consider this location to be an advantage.
Front
  • Front
  • Lobby
  • Bedroom
  • Living Room
  • Kitchen
  • Retail (under construction)
  • Loading Bay
  • Underground Parking Entrance
  • Underground Parking
The economic trend for the province is being mirrored by the financials of Platinum Hotels Fort McMurray as the NOI has almost doubled from two years ago and is continuing to trend upwards. Positioned in one of the most amenity-rich areas of downtown Fort McMurray, Platinum Hotels Fort McMurray and Harris Appliances (the adjoined retail space) are shadow anchored by Save On Foods with close proximity to RONA, Staples, Cora?s Restaurant, Fatburger Restaurant, Liquor Depot, CIBC, Original Joe?s Restaurant, Canadian Tire, RBC Royal Bank, Starbucks, and is across the street from the Hospital. With the majority of the business of Platinum Hotels Fort McMurray being corporate, the 56 rooms are designed specifically for that clientele allowing comfortable dual occupancy. With two separate bedrooms, two separate bathrooms, and a joint living space with kitchenette the configuration is purpose driven for colleagues on multiple day stays. The location maximizes that effect and is one of the defining competitive advantages of this hotel in contrast to the competition. Guests can easily check-in, park underground, acquire the essentials from the grocery store and then enjoy a restaurant within walking distance. This advantage is magnified considering some of the clientele would fly in or be bussed in. The main floor retail space is 18,105 sq. ft. plus a 2,308 mezzanine area. The current configuration is three offices and storage space on the mezzanine with the majority of the retail space operating as the showroom of Harris Appliances. There is also a loading dock area with two raised loading docs plus an adjustable dock. This space does have the potential to be demised into smaller retail bays, including allowing for an additional storefront facing the rear of the building that does front a street. The former tenant of this space for several years was SEARS which would suggest that a major corporation would also consider this location to be an advantage.

Listing Information

Prop. Type:
Multi-Family (Commercial)
Status:
Active
City:
Fort McMurray
Neighbourhood:
Downtown
State / Prov.:
Alberta
Listing Price:
$24,200,000

General Information

Lease Rate:
n/a
Year Built:
2007
Zoning/Land Use Code:
FRA1

Additional Information

Plan:
0941551
This property is listed by RE/MAX River City (commercial Division) and provided here courtesy of John Carter. For more information or to schedule a viewing please contact John Carter.
John Carter
RE/MAX River City (Commercial Division)
Phone: 1-877-417-2626
Inquire Via Email
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.