Real estate on your terms®
$549,900
active
251 Spruce Street
Rural Red Deer County
,
AB
T4E1B4
Key Details
- MLS® Number:
- A2265646
- Community:
- Piper Creek Business Park
- Building Type:
- Commercial Mix
- Interior Size:
- 3332 square feet
Property Description
Currently leased until March 14, 2028 to a low impact tenant-6.4% cap rate. (Fenced storage compound does not form part of this lease and could possibly be leased to generate additional income to increase cap rate to over 7.5%, or used for storage for buyer.). Ideal south side location in Piper Creek Industrial park, just south of the Westerner grounds/Centrium. This building was constructed in 2015 and shows near new, with a 2751 sq. ft. footprint (Condo plan measurement) and 3332 total developed space (Interior measurements) including mezzanine with exterior fenced storage compound. This incredible space has both a front drive 14 ft. overhead door and a rear drive 14 ft. overhead door with two separate bays and office space in the centre. The possibilities are endless, as the front could be used as a show room or additional shop space, or could be sub-let to a tenant. Also ideal deal for the hobbyist or business owner that desires some extra space for a man cave. Both the front and back shop/showroom spaces have overhead radiant heat, front bay is 24'x 34', rear bay is 24'x55'. The office mezzanine has force air. The upper mezzanine consists of two offices, a bathroom and a kitchen room. The lower central space below the mezzanine has another large room ideal for show room/reception or office space, plus two additional rooms that could be used for storage or small office and another bathroom. Front bay flooring has been left bare concrete as the new owner may decide they want carpet for a showroom, epoxy, paint, or leave as is, The front parking area is paved as well as the rear access and parking. (id:53430)
Building
- Property Type:
- Commercial Mix
- Building Type:
- Commercial Mix
- Year Built:
- 2015
Finished Areas
- Interior Size (Total):
- 3332 square feet
- Above Grade:
- 3332 square feet
Lot / Land
Exterior
- Construction:
- Wood frame
- Foundation:
- Poured Concrete
Utilities & Mechanical
- Heating:
- Radiant heat, Forced air, Natural gas
- Utilities:
- Water, Sewer, Natural Gas, Electricity
- Water Source:
- Municipal water
Fees & Dates
- Property Taxes:
- $7,720
- Tax Year:
- 2025
- HOA/Condo Fee:
- $482
- Last Modified:
- 08/09/2026 06:05:01 AM
- Status Change:
- 08/09/2026 05:56:13 AM
Association / Ownership
- Fee:
- $482 / Monthly
- Common Interest:
- Condo/Strata
Location
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