Office Listings

Courtesy of Michael A Pavone of RE/MAX Elite

10541 81 Avenue
Zone 15 Edmonton T6E 1X7

$2,995,000
Land Commercial

Main Photo: 10541 81 Avenue in Edmonton: Zone 15 Land Commercial for sale : MLS®# E4289962
Photo 1: 10541 81 Avenue in Edmonton: Zone 15 Land Commercial for sale : MLS®# E4289962
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Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
E4289962
Bus Major:
Other/See Remarks
Bus Minor:
Other/See Remarks
Build. Type:
Church
PRIME WHYTE AVENUE PROPERTY! Fantastic Redevelopment Opportunity in the Whyte Avenue Area. This site is 4 lots measuring 33’ x 132’ totaling 132’ wide x 132’ deep for a total of 17,424 sq.ft. Directly south of South Park’s approved development including four Towers up to 16 stories. Excellent tenants in place with triple-net lease providing $7,250 holding income. Church lease until February 2027. Site has CB2 zoning and falls within the Strathcona Area Redevelopment Plan which allows 6 stories. Great Development site for an RA8 or CO rezone. GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT.
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Land Commercial, Multi-Family Commercial, Office, Retail
Major Bus Type:
Other/See Remarks
Minor Bus Type:
Other/See Remarks
Construction:
Wood Frame
Building Type:
Church, Commercial Mix, Office Building
# Units:
0
Tot Pkg Spaces:
27
# Storeys:
2.0
Year built:
1937 (Age: 85)
Total Floor Area:
5,872 sq. ft.
Lot Area:
17,222.26 sq. ft.
Land Use/Zoning:
CB2
Lot Depth:
132'
Lot Frontage:
132'
Plan:
I26
Title to Land:
Freehold
LINC Number:
0015552467
Services Connected:
Fully Serviced
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Num. of Parcels:
1
Cap Rate %:
2.9
Gross Operating Income:
$87,000
Other Income:
$0
Effective Gross Income:
$87,000
Net Operating Income:
$84,698
Total Oper. Expenses:
$2,302
Tot Expenses:
$2,302
Entry date:
Apr 28, 2022
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Data was last updated December 5, 2022 at 04:30 PM (UTC)
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.