Property Details

124th Street Investment Opportunity – 10623/25-124 Street, Edmonton, AB

  • 10623-25 - 124 St

124th Street Investment Opportunity – 10623/25-124 Street, Edmonton, AB

Sale $1,400,000.00 - Investment
4,200 Sq.Ft on 7,256 Sq.Ft(+/-)  Print this page

FREESTANDING BUILDING ON 124TH STREET!

10623/25-124 STREET, EDMONTON, AB

FOR SALE

PROPERTY HIGHLIGHTS

  • Excellent exposure to 124th Street traffic
  • Located on major transit route
  • 124th street BRZ

PROPERTY INFORMATION

MUNICIPAL ADDRESS: 10623/25-124 Street, Edmonton, AB

LEGAL: Plan RN22, Block 24, Lot 6

ZONING: CB1 (Low Intensity Commercial)

SITE SIZE: 7,256 Sq.Ft. (+/-)

BUILDING SIZE: 4,200 Sq.Ft. (+/-)

PARKING: 10 surface stalls

PROPERTY TAXES: $15,630.98 (2016)

NOI:

2016: $27,600 Actual* + $46,200 Potential** = $73,800 (5.7% Cap Rate)

2017: $32,400 Actual* + $46,200 Potential** = $78,600 (6% Cap Rate)

*Lease in place until February 28, 2019

**Premises for lease at $22/Sq.Ft. Net

PURCHASE PRICE: $1,400,000

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Ross Lizotte

Ross has been involved in the Edmonton real estate industry for over 40 years. After a number of years in the residential market, Ross opened his own company, growing to over 50 agents and staff,…

  • Office : 780.784.5359
  • Mobile : 780.887.8588
  • Fax : 780.483.2277

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Nora Lizotte

Nora has been a participant in Edmonton’s commercial real estate sector since joining husband, Ross Lizotte, in 2004, and achieving her Associate Broker designation earlier this year. With over hundred office, retail and industrial leases…

  • Office : 780.784.5362
  • Mobile : 780.499.9001
  • Fax : 780.483.2277

Contact

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