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Description

Well-positioned mixed-use commercial investment property in the heart of the Town of Legal, Alberta, located along 50 Avenue with strong main-street exposure approximately 45 minutes north of Edmonton. The two-storey wood-frame building (approx. 3,853 sq ft) sits on an approx. 8,560 sq ft lot with approx. 57 ft of frontage and offers a stable, diversified income mix across four tenancies - including an anchor restaurant tenant on a multi-year net lease secured by personal guarantees, additional main-floor commercial spaces, and two upper-floor two-bedroom residential suites. The building benefits from recent capital improvements, including a high-efficiency IBC condensing boiler (2020) and Bradford & White domestic hot water tank (2018) serving a zoned hydronic radiant baseboard heating system throughout. Additional features include 200-amp main electrical service, municipal water and sewer servicing, copper water distribution, brick veneer and vinyl exterior cladding, and on-site surface parking. Suited to investors seeking a turn-key, fully tenanted asset in a stable rural Alberta community within commuting distance of the Edmonton Metropolitan Region. Property offered on an as-is, where-is basis. Rent roll, lease copies, recent third-party commercial property inspection reports, and financial information available to qualified buyers and their representatives upon execution of a Non-Disclosure Agreement. Buyer is required to conduct independent due diligence. All measurements and information approximate and to be verified by the buyer. (id:13843)

Details

Features

Interior

MLS Number: 44989738

Listing Provided By: Sam Raheel – (587) 222-9221

MaxWell Polaris – (780) 450-6300