Property for Sale
Property For Sale In Edmonton
- MLS®#: 43688459
- Price: $449,900
- Year Built: 2011
Offered for sale is a fully net leased restaurant/commercial kitchen located in the highly desirable Ellerslie Industrial neighborhood in southwest Edmonton. This centrally located main floor retail bay is leased to a take-out restaurant on a long term lease since 2022. The current rental rate provides a net operating income reflecting a 7.5% capitalization rate (based on list price). With future ability to renew at higher rates built into the lease. This property is desirable to businesses as it provides a turnkey commercially approved commercial kitchen, in a small affordable footprint, with access to new residential areas on the doorstep to South Edmonton Common.Other Property Types: RetailSubject Space Width: 15Ownership Interest: Condo PropertyTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Chad SnowAppointment Phone: 780-436-7410Paragon Listing ID: E4463339
Contact Rebecca Victoor About MLS® 43688459
Rebecca Victoor, 780-962-8580 at RE/MAX PREFERRED CHOICE, #4, 16 Nelson Drive, Spruce Grove, Alberta, T7X 3X3
property information
- MLS®#: 43688459
- Year Built: 2011
Community Information
- City: Edmonton
- Postal Code: T6X 0A9
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