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Courtesy of Michelle Plach of Honestdoor Inc.
Data was last updated 2024-05-01 at 14:57:21 GMT
Presenting a lucrative investment prospect in Edson's heart along 4th Avenue, this one-story office building with a walk-out lower level offers a net operating income of $119,575.95 and a cap rate of 9.75%. With a total freehold interest available for $1,226,000.00, and a gross building area of 7,200 square feet, including 6,660 square feet of leasable space, this property ensures stability and growth. Currently under federal lease and two other tenants, it guarantees steady income, with a combined annual rental income of $185,952.19. Situated just one block from downtown Edson amidst established residential and commercial structures, with high-traffic fast-food and retail outlets nearby, this property offers both stability and potential for value appreciation.
Listing Information
- Prop. Type:
- Office
- Status:
- Active
- City:
- Edson
- MLS® Number:
- E4377093
- Neighbourhood:
- Edson
- Area:
- Yellowhead
- Province:
- AB
- Listing Price:
- $1,226,000
General Information
- Year Built:
- 2010
- Zoning/Land Use Code:
- For Sale
- Region:
- Yellowhead
Additional Information
- Plan:
- Plan 149
- Legal Block:
- 16
- Legal Lot/Unit:
- 11 & 12
Other Information
- Land Size Hectares:
- 0
- Building Type:
- Office Building, See Private Remarks
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This property is listed by Michelle Plach of Honestdoor Inc and provided here courtesy of
Kyle Rossiter.
For more information or to schedule a viewing please contact Kyle Rossiter.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.