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 (id:51989)
Features of 19 2920 Ellwood Drive Sw
- MLS® Number 43688459
- Price $449,900
- Square Footage: 592 sqft
- Neigbourhood: Ellerslie Industrial
Buildings
| Constructed Date | 2011 | Size Interior | 592 Sqft |
Land
| Acreage | Yes | Size Irregular | 130680 |
| Size Total | 130680 Sqft|unknown | Size Total Text | 130680 Sqft|unknown |
Agents and Offices
- Chad C. Snow
- Karianne M. Martin
- Office: Nai Commercial Real Estate Inc