Courtesy Of Shelly D Reddy Of Royal Lepage Arteam Realty

5 Alberta Avenue, Spruce Grove, AB

$1,895,000

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About 5 Alberta Avenue

This 9,280 +/- sq.ft. 5 bay Condominium Building is fully rented. Built in 1980 this 116' x 80' building features each bay is approximately 1876 sq ft on the main level each with a Mezanne level of approximately 750 sq ft. This well established building is located in Spruce Grove Industrial Park and is set on a corner lot of 1.00 +/- acres. Each Bay has a large 12' overhead door, separate man doors with full power to operate the businesses. Ample Parking. All leases in place have the tenants covering the utilities. This property is easily accessible via Highway 16/16A, Highway 627,and Golden Spike Road allowing a quick commute to Acheson, Edmonton,Nisku and Leduc. Zoned M1 General Industrial. NOI 115,386; Cap Rate of 6.1%.

Features of 5 Alberta Avenue

MLS® # E4387365
Price $1,895,000
Bathrooms 0.00
Acres 0.00
Year Built 1980
Type Industrial
Sub-Type General Retail
Status Active

Community Information

Address 5 Alberta Avenue
Area Spruce Grove
Subdivision Diamond Industrial Park
City Spruce Grove
County ALBERTA
Province AB
Postal Code T7X 3A6

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Construction Wood Frame

Additional Information

Date Listed May 14th, 2024
Days on Market 209
Zoning Zone 91
Foreclosure No
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Shelly D Reddy Of Royal Lepage Arteam Realty

Listing Map

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