191 Ordze Ave - Office FOR SALE


Sherwood Park, AB T8B 1M6
$1,850,000 CAD
780-962-4950
191 Ordze Ave, Sherwood Park, AB for Sale
$1,850,000 CAD
Office - FOR SALE
1/24
null | Request Cap Rate

191 Ordze Ave
Sherwood Park, AB T8B 1M6


HIGHLIGHTS

  • SHERWOOD PARK HIGHLY ACTIVE COMMERCIAL AREA
  • LARGE PARKING LOT
  • MUTIL-TENANT OFFICE
  • EXCELLANT EXPOSURE
  • CONVENIENT ACCESS TO WYE RD + SHERWOOD DR & THE 'HENDAY'

OVERVIEW

Excellent investment opportunity in Sherwood Park’s established Wye Road commercial district. Situated on 0.667 acres along Ordze Avenue, this strategically located property offers excellent exposure and convenient access to Wye Road, Sherwood Drive and Anthony Henday Drive. The site features a two-storey multi-tenant office building with a combination of existing tenancy and available space, offering flexibility for investors and owner-users. In addition to the +/-3,265 SF main and upper-level office space, the property includes an attached +/-780 SF garage and +/-1,235 SF of basement space, providing valuable additional space and flexibility. The property has also benefited from several recent improvements, including interior updates and a new A/C unit. A large paved lot provides ample on-site parking, with a portion currently leased to a neighbouring business, providing an additional income component. Surrounded by established retail, restaurants, professional services and commercial uses, the property is well positioned within one of Sherwood Park’s most active commercial areas. Zoned DC19 Area A, this sizeable commercial site offers an attractive combination of existing improvements, current income and longer-term redevelopment potential.

FOR SALE DETAILS

PRICE

$1,850,000 CAD

PRICE/SF

$638 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

DC19'A'

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Victor MorozRoyal Lepage Noralta Real EstateMore Info
780-962-4950

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Victor MorozRoyal Lepage Noralta Real EstateMore Info
780-962-4950

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.