Secure a prime income-generating property in the thriving community of Vermilion, Alberta. This 7,980 sq. ft., 5-bay commercial shop with office space offers a solid investment with a guaranteed tenant in place for 3 years and an option to renew, ensuring reliable cash flow and long-term stability. Existing tenant has been in place for 40+ yearsPerfectly positioned with excellent access to Highway 16 and 41, this property is well-maintained and features practical design elements suited for both operations and administration.Property Highlights:5-bay heated shop with large overhead doors, an enclosed pit dock and ample workspace;Professional office area with reception and staff amenities;Strong lease in place – 3-year term with renewal option;Reliable long term tenant ensuring consistent income;Excellent access from major roadways;Ample parking and yard space for vehicles and equipment.This property is a solid income-producing investment ideal for investors seeking a low-maintenance, high-performing commercial asset.Contact your real estate professional today for full lease details and financial information. (id:51989)
Features of 4853 40 Street
- MLS® Number A2269376
- Price $924,900
- Square Footage: 7980 sqft
- Features Level
- Plan 7621089
Buildings
| Constructed Date | 1979 | Construction Material | Poured Concrete |
| Exterior Finish | Concrete | Foundation Type | None |
| Heating Fuel | Natural Gas | Heating Type | Forced Air |
| Size Exterior | 7980 Sqft | Size Interior | 7980 Sqft |
| Total Finished Area | 7980 Sqft |
Land
| Acreage | Yes | Size Irregular | 1.69 |
| Size Total | 1.69 Ac|1 - 1.99 Acres | Size Total Text | 1.69 Ac|1 - 1.99 Acres |
| Zoning Description | Il - Light Industrial District |
Agents and Offices
- Shawn Jacula
- Office: RE/MAX Prairie Realty