Secure a prime income-generating property in the thriving community of Vermilion, Alberta. This 7,980 sq. ft., 5-bay commercial shop with office space offers a solid investment with a guaranteed tenant in place for 3 years and an option to renew, ensuring reliable cash flow and long-term stability. Existing tenant has been in place for 40+ yearsPerfectly positioned with excellent access to Highway 16 and 41, this property is well-maintained and features practical design elements suited for both operations and administration.Property Highlights:5-bay heated shop with large overhead doors, an enclosed pit dock and ample workspace;Professional office area with reception and staff amenities;Strong lease in place – 3-year term with renewal option;Reliable long term tenant ensuring consistent income;Excellent access from major roadways;Ample parking and yard space for vehicles and equipment.This property is a solid income-producing investment ideal for investors seeking a low-maintenance, high-performing commercial asset.Contact your real estate professional today for full lease details and financial information. (id:58588)
| MLS® Number | A2269376 |
| Property Type | Business |
| Features | Level |
| Plan | 7621089 |
| Constructed Date | 1979 |
| Construction Material | Poured Concrete |
| Exterior Finish | Concrete |
| Foundation Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 7980 Sqft |
| Size Interior | 7,980 Ft2 |
| Total Finished Area | 7980 Sqft |
| Acreage | Yes |
| Size Irregular | 1.69 |
| Size Total | 1.69 Ac|1 - 1.99 Acres |
| Size Total Text | 1.69 Ac|1 - 1.99 Acres |
| Zoning Description | Il - Light Industrial District |
https://www.realtor.ca/real-estate/29077322/4853-40-street-vermilion
Contact us for more information
Shawn Jacula
Broker
(780) 853-2120
www.prairierealty.ca/
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