
6,000 ft²Retail$810,000Sale
6,000 ft²
Retail
$810,000
Sale

Terrie M Reekie
RE/MAX River City
The Space
Asking Price$810,000
Available Space6,000 ft²
MLS® IDE4278491
Year Built1949
SourceRealtors Association of Edmonton
The Building
High Cap Rate just over 10%, an Excellent investment with many potential uses. Two title properties - 6000 sq. ft. building plus adjoining vacant lot, on busy street. Demised into 6 fully leased spaces This year actual income is projected at just over $81,000.00 net. There are 3 lots; the building sits on 2 lots. One lot is vacant, paved, and used for parking. The building was built in 1950, 1969 and one warehouse in 1992. There is yearly income from the billboard sign on the vacant lot. Many upgrades with a newer tar roof on the east warehouse and newer roll roofing on remainder. Excellent high traffic area fronting 111 Ave, near Commonwealth and close to Downtown Edmonton.
Property TypeRetail
Building Size6,000 ft²
Lot Size0.00 AC
MLS® IDE4278491
Year Built1949
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
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