Secure a prime income-generating property in the thriving community of Vermilion, Alberta. This 7,980 sq. ft., 5-bay commercial shop with office space offers a solid investment with a guaranteed tenant in place for 3 years and an option to renew, ensuring reliable cash flow and long-term stability. Existing tenant has been in place for 40+ yearsPerfectly positioned with excellent access to Highway 16 and 41, this property is well-maintained and features practical design elements suited for both operations and administration.Property Highlights:5-bay heated shop with large overhead doors, an enclosed pit dock and ample workspace;Professional office area with reception and staff amenities;Strong lease in place – 3-year term with renewal option;Reliable long term tenant ensuring consistent income;Excellent access from major roadways;Ample parking and yard space for vehicles and equipment.This property is a solid income-producing investment ideal for investors seeking a low-maintenance, high-performing commercial asset.Contact your real estate professional today for full lease details and financial information. (id:47421)
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Detailed Information
Features
Level
Listing Contract Date
2025-11-06
Municipal ID
0013143938
Ownership Type
Freehold
Plan
7621089
Property Type
Business
Transaction Type
For sale
Zoning Description
IL - Light Industrial District
Building
Constructed Date
1979
Construction Material
Poured concrete
Exterior Finish
Concrete
Foundation Type
None
Heating Fuel
Natural gas
Heating Type
Forced air
Size (Exterior)
7980 square feet
Total Finished Area
7980 sqft
Land
Total Size
1.69 acres
Acreage
Yes
Size of Irregular Land
1.69
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