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Listed by Kerri Hunter Capcity Realty Group
$1,499,000
Est. payment /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Year Built 1996
MLS® Listing ID 45399129
Property Description
INCREDIBLE INVESTMENT OPPORTUNITY!! This property is FULLY LEASED and priced well below appraised value. Four tenants currently occupy this mixed-use light industrial building which is situated on a 3.11-acre parcel, zoned for General Industrial District use. The property is divided into four distinct units, with BAY A (the north bay) having undergone a complete renovation in 2018/19. In addition, a newly fenced rear yard dedicated to BAY A was constructed as a leasehold improvement in the fall of 2019. Recent upgrades throughout the rest of the building include new windows, roof repairs, heating/plumbing & electrical improvements, a paved parking lot, and enhancements to the rear storage yard, including compaction and gravel installation. There's also potential for additional income or development on the second floor, whether through future office development or by creating more headspace in the ground-level units. This property is a remarkable investment opportunity with endless possibilities.
Location
Province AB
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