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Retail with Residence in Standard, AB, near Strathmore

818 The Broadway -

Interior description
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The subject interior consists of open retail and restaurant seating area, rear kitchen with modest cabinets and new commercial metal sinks and appliances to code for restaurant use and two piece bathroom (refinished) for customer use. At the time of inspection the building was vacant and much of the restaurant furniture was removed. The retail and restaurant seating areas could also be used as offices.

On the residential section there is a recently renovated suite area that includes single bedroom, deluxe jetted tub, marble shower, toilet vanity area and small living room accessing kitchen. Finish consists of original hardwood flooring, wall to wall carpet, sheet vinyl, acoustic tile suspended ceiling, fluorescent lighting and panel board.

There is also a partial basement with concrete floors where the utility equipment is located and can also be used for storage.

Foundation : Poured concrete parameter; part basement (approximately 900 square feet) and crawlspace
Construction : Wood frame Exterior finish : Vinyl siding
Floor Area : 2,576 square feet
Roof : Slope - metal cladding
Doors : One main customer door in front. Heavy duty employee entrance door in rear kitchen, Exterior door from bedroom.
HVAC: Forced air furnace new from 2007 according to previous owner
Hot Water: 2 new hot water tanks (40USG capacity) by current owner with new 200 amp panel Vac flow system A/C unit located outside

Additional Comments
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Some over-improvements to the subject have been noted: there is a good quality marble shower stall and a good quality jetted tub in the ensuite bathroom. We feel it has very little contribution to value and is an over-improvement. It is a form of functional obsolescence.

Land Use Classification
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Classification

The land use classification for the subject property is CB (Commercial Business District), The purpose and intent of this district is to provide for commercial development serving the Village and surrounding rural areas.

Permitted uses include arts and craft studios, banks, barber shops, offices, restaurants, retail stores, just to name a few..

Discretionary uses include funeral homes. Gas bare, hotels, libraries, private clubs, lodges, and fraternal orders, just to name a few. its former use as a restaurant, confectionery store is a legal use. its use as a residence may be a grandfathered or non-conforming use, For the purpose of this appraisal it is assumed that the residential use of the subject is a legal non-conforming use.

For more information on this or any other property, please call Bob Sheddy on his cell 403.324.2222 until 11 p.m. or email bob.sheddy@century21.ca anytime.

Property Details

  • ID: 201217277
  • Year Built: 1925
  • Building Size: 2576
  • Property ID: 100753468
  • Status: Sold on 12/31/2014
  • Lot Area: 6,617.00 Square Feet
  • Style: Commercial
  • New Construction: No
Listed By Bob Sheddy of CENTURY 21 PowerRealty.ca