$464,000 Sale
Listed 9 days ago
2976 Ellwood Drive
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Key Facts
Key facts for 2976 Ellwood Drive
Property Type
Commercial
Parking
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MLS®
E4463339
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Website
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Year Built
2011
Maintenance Fee
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Description
Offered for sale is a fully net leased restaurant/commercial kitchen located in the highly desirable Ellerslie Industrial neighborhood in southwest Edmonton. This centrally located main floor retail bay is leased to a take-out restaurant on a long term lease since 2022. The current rental rate provi...des a net operating income reflecting a 7.5% capitalization rate (based on list price). With future ability to renew at higher rates built into the lease. This property is desirable to businesses as it provides a turnkey commercially approved commercial kitchen, in a small affordable footprint, with access to new residential areas on the doorstep to South Edmonton Common.
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Courtesy of: Chad C Snow, NAI Commercial Real Estate Inc