1.80 ac
Lot
1977
Year Built
30
Parking
About This Property
This industrial in Sherwood Park offers a 1.80 ac lot. Built in 1977. The property has lot dimensions of 78408.
MLS Remarks
FOR SALE | VALUE-ADD SERVICE COMMERCIAL / INDUSTRIALExceptional opportunity to acquire a substantially renovated service commercial / industrial asset located in the established Cree Road corridor of Sherwood Park. The property has undergone extensive capital improvements totaling in excess of $500,000 over the past three years, resulting in high-end interior and exterior finishes rarely found in this submarket.The building features three (3) overhead grade-level loading doors, 3-phase power, and 12+ washrooms, allowing for flexible multi-tenant or owner-user configurations. The site sits on approximately 1.8 acres with abundant on-site parking, supporting both industrial and service commercial users.Currently partially leased to two long-term tenants who are willing to remain, providing immediate stabilized income, with additional rentable area available for further lease-up and upside. This creates an attractive value-add investment or owner-user with income opportunity.Zoned C5 – Service Commercial, the property accommodates a wide range of permitted uses including light industrial, warehousing, contractor services, manufacturing, and showroom applications.Highlights include:Over $500,000 in recent renovationsHigh-end finishes throughout3 overhead doors3-phase power12+ washrooms1.8-acre siteExcellent parking ratioTwo established long-term tenants in placeAdditional space available for lease-upPrime Sherwood Park location with strong access and visibilityVendor currently occupies a portion of the building under a short-term market lease, providing interim income with vacant possession flexibilityThis is a rare turnkey industrial/service commercial offering with strong fundamentals, in-place income, and future upside. (id:60351)
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