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Ed Massa

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Data Last Updated April 28, 2024, 11:10 pm

 
Courtesy of Michelle Plach HonestDoor Inc

Edson
No Floor Plan Available
$1,226,000
MLS® #:  E4377093
Address:  ACCESS Addresses
Days On Market:  ACCESS Days on Market

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Descriptions:

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.

Location & Listing Info:
Neighbourhood: Edson
Zone: Edson
Property Info:
Property Type: Office
Year Built: 2010
Financial & Possession:
Additional Info:
Legal Description: 4905
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8104 160 Ave, Edmonton, Alberta, T5Z 3J8
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Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated April 28, 2024, 11:10 pm.
Ed Massa, RE/MAX Elite
8104 160 Ave, Edmonton, Alberta T5Z 3J8
Tel: 780-993-2409 Office: 780-406-4000 Fax: 780-406-8777
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