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5338 50 Av 19,750 SF 100% Leased Retail Building Vegreville, AB T9C 1M3 $3,250,000 CAD ($164.56 CAD/SF)
INVESTMENT HIGHLIGHTS
- The Subject Property is vacant, allowing immediate access for restaurant users, day care operators, religious and cultural uses and community and more
- Situated with visibility to 50 Avenue, the Subject Property permits for a wide variety of retail uses including restaurant, pet stores, and more.
- Freestanding commercial building comprised of 19,750 SF of leasable area situated on 2.02 acres lot featuring ample surface parking.
- Major renovations, replacement and expansion completed in 2021, effectively making it a new structure.
EXECUTIVE SUMMARY
Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire or lease a freestanding vacant commercial building located at 5338
50 Avenue, Vegreville AB (the "Subject Property"). The Subject Property is well suited for a variety of retail users with prime visibility along 50th Avenue.
The in-place zoning supports a wide range of retail uses including restaurant, day care facilities, pet stores, shopping centres and many more.
50 Avenue, Vegreville AB (the "Subject Property"). The Subject Property is well suited for a variety of retail users with prime visibility along 50th Avenue.
The in-place zoning supports a wide range of retail uses including restaurant, day care facilities, pet stores, shopping centres and many more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
19,750 SF
Building Class
C
Year Built/Renovated
1988/2021
Price
$3,250,000 CAD
Price Per SF
$164.56 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.23
Lot Size
2.00 AC
Zoning
C1
Parking
42 Spaces (2.13 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
CONTACTS
-
Armaan Sohi -
Curtis Leonhardt -
Joe Genest -
Jack Allpress -
Jon Buckley -
Marcus & Millichap
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5338 50 Av
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