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5074 130th Ave NW 39,893 SF 100% Leased Retail Building Edmonton, AB T5A 5A9 $7,500,000 CAD ($188.00 CAD/SF)
Investment Highlights
- For immediate development
- DIRECT ACCESS TO 50TH STREET AND HERMITAGE ROAD
Executive Summary
Cushman and Wakefield Edmonton proudly presents a rare opportunity for retailers and developers in the established neighborhood of Clareview and Hermitage. This well-located property offers outstanding visibility, easy access to major arterial roads, and its recent re-zoning to CG (General Commercial) provides remarkable versatility for various businesses and re-development with ability to develop 400+ Multi-family units.
This rare opportunity provides prospective developers or end users with a fully serviced, paved rezoned CG (General Commercial), and an existing 39,893 SF building on site for immediate development. With limited retail and office condo projects in northeast Edmonton, the property is perfectly located for new businesses looking to own their own space.
Property now has the ability to support 400+ units of Multi-family developments. Ask listing agents for proposed site plans. Future Development Area.
This rare opportunity provides prospective developers or end users with a fully serviced, paved rezoned CG (General Commercial), and an existing 39,893 SF building on site for immediate development. With limited retail and office condo projects in northeast Edmonton, the property is perfectly located for new businesses looking to own their own space.
Property now has the ability to support 400+ units of Multi-family developments. Ask listing agents for proposed site plans. Future Development Area.
Property Facts Under Contract
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
39,893 SF
Building Class
B
Year Built
1995
Price
$7,500,000 CAD
Price Per SF
$188.00 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
5.98 AC
Zoning
CG - General commercial
Parking
500 Spaces (12.53 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 3
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5074 130th Ave NW
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