VERSATILE 4-BAY INDUSTRIAL PROPERTY WITH EXCELLENT INCOME POTENTIAL! Located in Richmond Industrial Park, this well-appointed commercial building offers exceptional flexibility for investors and owner-operators alike. With four separate bays, the property presents an excellent opportunity to generate rental income from multiple tenants, operate your own business while leasing out additional bays to offset ownership costs, or accommodate a larger operation requiring the entire building. Offereed at an attractive list price of just $112/sq.ft. Each bay offers a functional combination of shop and office space, with multiple utility meters, 3-phase power, and a variety of heating systems to support different business needs. Features throughout the property include mezzanine space, multiple offices, washrooms, concrete shop floors, floor drains, and overhead doors. One bay also features a 2-ton hydraulic hoist, while recent improvements include upgraded rooftop heating units and a new furnace. The property also offers an asphalt driveway, outdoor storage, and a shared parking area. Whether you're looking to expand your business, establish a new location, or add a multi-tenant industrial property to your investment portfolio, this building offers plenty of possibilities. ADDITIONAL OPPORTUNITY: The adjacent industrial building, which shares the parking area, is also available for purchase (MLS® A2349217), providing a unique opportunity for buyers looking to acquire additional space or expand their investment holdings. Explore the potential this versatile property has to offer! (id:51989)
Features of 9116 111 Street
- MLS® Number A2351749
- Price $1,599,900
- Square Footage: 14180 sqft
- Community Name: Richmond Industrial Park
- Plan 8520248
Buildings
| Constructed Date | 1978 | Construction Material | Poured Concrete |
| Exterior Finish | Concrete, Metal | Foundation Type | Poured Concrete |
| Size Exterior | 14180 Sqft | Size Interior | 14180 Sqft |
| Total Finished Area | 14180 Sqft |
Land
| Acreage | No | Size Irregular | 0.96 |
| Size Total | 0.96 Ac|32,670 - 43,559 Sqft (3/4 - 1 Ac) | Size Total Text | 0.96 Ac|32,670 - 43,559 Sqft (3/4 - 1 Ac) |
| Zoning Description | Ig |
Agents and Offices
- Tallon Jebb
- Office: Grassroots Realty Group Ltd.