$ 1,226,000
4905 4 AV Edson, AB T7E 1T1
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$ 1,226,000
Est. payment | /mo
7,200 SqFt
$ 1,226,000
Est. payment | /mo
7,200 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type for sale
Square Footage 7,200 sqft
Price per Sqft $170
MLS® Listing ID E4377093
Year Built 2010
Property Description
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
Province AB
Community Edson
Area Yellowhead
Copyright 2024 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Michelle Plach • HonestDoor Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "