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$335,000
Est. payment /mo
1,929 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Riverside Light Industrial Park
MLS® Listing ID A2300167
Year Built 1994
Annual Tax Amount $6,517
Tax Year 2025
Lot Size 1,929 Sqft
Acres 0.04
Property Sub-Type Industrial
Source Central Alberta
Property Description
Investment Property! This well-located industrial condo in Riverside Light Industrial Park offers an excellent opportunity for investors, with an active Lease in place to CPP Environmental, an established environmental services company, until April 30, 2029. It would make a solid addition to an existing portfolio, or presents an attractive option to enter into the commercial investment market. Along with strong exposure and functional interior design, the property itself benefits from prominent drive-by visibility, a healthy reserve fund balance and a variety of amenities. The front area features a spacious reception area with built-in counter, creating a welcoming environment ideal for businesses with a customer-facing component, as well as a single office with window, and one washroom. The shop area is equipped with a workbench area, a powered 12' x 14' overhead door, and large room with kitchenette, which can be utilized as a lunchroom or boardroom. The second floor, which is bonus space to the Tenant (not included in the rentable square footage), has both a developed side of approx 450sf (not including stairwell) with three windowed offices, plus a large L-shaped storage mezzanine with storage room, providing extensive usable areas and maximizing functionality within the unit. Office areas are air conditioned. The property also includes access to a shared common yard, complete with a secure fenced compound with rolling gate, and an approx 26' x 24' powered garage for additional storage. The yard is paved, offering durability and ease of use for a variety of industrial applications. This is a well-rounded asset combining a revenue stream, functionality, and secure outdoor space—ideal for both investors and owner users alike. The Lease is based on a rentable size of 2,000sf, which is the footprint only. The registered condo size is 1,929sf.
Location
Province AB
County Red Deer
Zoning I-C
Others
Restrictions Call Lister
Tax ID 102688675
Ownership Private
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Listed by Salomons Commercial
Nearby Locations
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