5231 55 Street, Cold Lake
Fantastic Investment Opportunity to Own this turn-key Plaza Buiding and Land in the heart of the City of Cold Lake! This Plaza consists of 3 separate Commercial Lease spaces including a newly completely built-out Pub/Restaurant space, a newly and fully built-out operating Liquor Store, and a freshly completed and built-out Restaurant space with legal Drive-Thru. No expenses were spared in gutting and completely rebuilding all 3 Lease spaces, as well as Completely Remodeling the entire Plazas exterior.The 3550 sf Pub plus 1300 sf of mezzanine space (that is complete with office space, washroom, staff room, managers office, etc) comes with high end finishings, equipment and most everything you need to start running your new Pub/Restaurant business or Franchise. There is even a 700 sf Patio attached. The 2400 sf Liquor Store comes complete with high end finishing including stone and travertine, shelving, a custom built walk-in cooler, loading dock, etc and is operating 7 days a week. It comes with 1,000 sf of advertising frontage. Also, there are even two Giant 8ft x 12ft Programmable LED Billboard Advertising Signs on the property, with major exposure on busy Hwy 28 traffic in both directions. Finally the freshly completed 1255 sf Restaurant space is now fully built out and features a legal Drive-Thru for whatever Restaurant or Coffee business/Franchise venture you can imagine. Plaza is sprawled across 2 Commercial Lots with Hwy 28 frontage, and a 3rd Commercial Lot is being included with the package, which is being utilized as paved parking for the Plaza. Note: The Liquor Store business is in full operation and is not included in the sale. It may be purchased and Leased separately. Both other spaces may also be available For Lease. Please enquire for more information. (id:1945)
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Property details for 5231 55 Street, Cold Lake
- Type
- Commercial
- Living Area
- 8,100 square feet
- Lot Size
- 20908.8
Nearby Listings Stat
Estimated price and comparable properties near 5231 55 Street
Active Listings
68
Min Price
$19,000
Max Price
$3,497,800
Avg Price
$425,229
Days on Market
258
days
Sold Listings
16
Min Sold Price
$100,000
Max Sold Price
$588,000
Avg Sold Price
$294,281
Days until Sold
96
days
Neighbourhood Census Data
Cold Lake, Alberta
Population
549
Median Age
33.9
Median Income
$45,696
Dwelling Value
$349,538
Housing Tenure
Owners 66%
Renters 34%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.5
Pop. Density: 150.6/km²
Avg Shelter Cost: $1,844/mo
Owners with Mortgage: 74.2%
Owners Spending 30%+: 9.7%
Tenants Spending 30%+: 37.5%
English only: 90.8%
English and French: 9.2%
Median Household Income: $102,400
Median Employment Income: $46,976
Price History
Listed
March 11, 2026
by Royal Lepage Northern Lights Realty
Current Price
$3,497,800
Type
Commercial
For Sale