Explore the rare chance to invest in a coveted retail zone within Sherwood Park. This 184' x 236' (1 acre) site is ideally situated in a bustling commercial district, mere steps from surrounding development and quickly accessible to Baseline Road and Broadmoor Boulevard. The sizeable 1 Acre lot comes fully equipped with a 2,292 SF restaurant in pristine condition and 35 on-site parking stalls. An attractive destination with high visibility for advertising and endless customer crossover from surrounding businesses. Existing tenant is a well known franchise that has been in place since 2005. At the expiration of the lease, the building owner will be positioned to increase the rent significantly to reflect current market rates. Don't pass up on this valuable opportunity to own the ideal asset in an active suburban community. This is the perfect long-hold investment for a future redevelopment play. (id:47423)
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Detailed Information
Lease Type
Triple Net
Listing Contract Date
2024-11-25
Municipal ID
0010873610
# of Parking Spaces
35
Plan
7822632
Property Type
Retail
Transaction Type
For sale
Zoning Description
C5
Building
Constructed Date
1981
Size (Exterior)
2292.44 square feet
Total Finished Area
2292.44 sqft
Type
Retail
Land
Total Size
Unknown
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