This highly visible commercial property offers over 24,000 sq. ft. of flexible space and is currently generating $10,900 per month in rental revenue. The building is configured into multiple rentable units, providing diversified income, with the option to reconfigure into a single large operation if desired. Situated on 12 titled lots, the property offers ample on-site parking for staff and customers, excellent access, and a loading/unloading dock ideal for retail, service, or light commercial users. With strong exposure from Highway 16 in both eastbound and westbound directions, the location supports long-term tenant demand. The building has benefited from several upgrades over the years, including capital improvements completed in 2024, such as a new rooftop A/C and heating unit, fire panel upgrade, and new flooring in select areas, helping reduce near-term capital expenditure for a new owner. Zoned C-2 Service Commercial, this well-maintained asset presents a compelling opportunity for investors seeking stable cash flow, future upside, and flexibility in use within one of Edson’s most accessible commercial corridors. (id:51989)
Features of 5023 3rd Avenue
- MLS® Number A2283616
- Price $995,000
- Square Footage: 24386 sqft
- Property Type: Commercial Mix
- Communication Type High Speed Internet, Fiber
- Features Visual Exposure
- Plan 1494ac
- Road Type Paved Road
Buildings
| Constructed Date | 1974 | Construction Material | Poured Concrete |
| Exterior Finish | Concrete | Size Exterior | 24385.52 Sqft |
| Size Interior | 24386 Sqft | Total Finished Area | 24385.52 Sqft |
| Type | Commercial Mix | Utility Water | Municipal Water |
Land
| Acreage | Yes | Sewer | Municipal Sewage System |
| Size Irregular | 59320.00 | Size Total | 59320 Sqft|1 - 1.99 Acres |
| Size Total Text | 59320 Sqft|1 - 1.99 Acres | Zoning Description | C-2 Service Commercial |
Utilities
| Electricity | Connected | Natural Gas | Connected |
| Sewer | Connected | Water | Connected |
Agents and Offices
- SHARON HAWBOLDT
- KAREN SPENCER-MILLER
- Office: Century 21 Twin Realty