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123 Cree Rd Sherwood Park, AB T8A3X9
32,000 SqFt
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 32,000 sqft
Price per Sqft $125
MLS® Listing ID 44080261
Year Built 1977
Lot Size 1.800 Acres
Acres 78408.0
Source REALTORS® Association of Edmonton – Commercial
Property Description
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 visibilityThis is a rare turnkey industrial/service commercial offering with strong fundamentals, in-place income, and future upside. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 30
Private Pool No
Listed by Acquire Real Estate Group
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