5023 3rd Avenue

About this home

This highly visible commercial property offers over 24,000 sq. ft. of flexible space and is currently generating $10,900 per month in rental revenue. The building is configured into multiple rentable units, providing diversified income, with the option to reconfigure into a single large operation if desired. Situated on 12 titled lots, the property offers ample on-site parking for staff and customers, excellent access, and a loading/unloading dock ideal for retail, service, or light commercial users. With strong exposure from Highway 16 in both eastbound and westbound directions, the location supports long-term tenant demand. The building has benefited from several upgrades over the years, including capital improvements completed in 2024, such as a new rooftop A/C and heating unit, fire panel upgrade, and new flooring in select areas, helping reduce near-term capital expenditure for a new owner. Zoned C-2 Service Commercial, this well-maintained asset presents a compelling opportunity for investors seeking stable cash flow, future upside, and flexibility in use within one of Edson’s most accessible commercial corridors. (id:66966)

Details

Type

Other

Size

24386 sq ft

Property tax

$11,345 (2025)

Municipality

Edson

Interior

Fireplace

No

Heating, cooling and services

Water and sewer

Municipal sewage system

Utilities

Water, Sewer, Natural Gas, Electricity

Building and exterior

Year built

1974

Exterior

Poured concrete

Outdoor

Concrete

Building area

24,386 square feet

Location

Location is approximate. See nearby homes on the map