144023 Tr192 North Rural Newell, AB T1R 1C5

$695,000
$695,000
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sold - 05/08/2025
1/9
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This is a great investment opportunity with long term tenants in place that are looking to sign another 3 year term, triple net lease. Current rent income is is 9000.00/month. The property is 7.83 acres and includes 3 adjoining shops that total 10,00 square feet of shop and office space. There are 2 - 14x16 overhead doors for each bay that that allow for a drive through. The larger bay was built in 1983 and has 2 overhead forced air furnaces, floor drain, new LED lights, washer/dryer hookups, dispatch office, staff office and a 2 piece bathroom. The second bay was built in 1974 and has overhead forced air furnace and newer LED lights and a floor drain. The third bay is the wash bay with the same amenities as the middle bay. The office building is located at the main gate and has a board room with a kitchen space, reception area, 5 offices and a 2 piece bathroom. There are newer laminate floors, vinyl windows and 100 amp service in this building. The fully fenced yard is well packed and maintained with good drainage on the SW corner. With paved access to Highway 1 you are making a commitment to a sustainable long term investment. Have a look at the numbers and GET MOVING IN THE RIGHT DIRECTION!

This is a great investment opportunity with long term tenants in place that are looking to sign another 3 year term, triple net lease. Current rent income is is 9000.00/month. The property is 7.83 acres and includes 3 adjoining shops that total 10,00 square feet of shop and office space. There are 2 - 14x16 overhead doors for each bay that that allow for a drive through. The larger bay was built in 1983 and has 2 overhead forced air furnaces, floor drain, new LED lights, washer/dryer hookups, dispatch office, staff office and a 2 piece bathroom. The second bay was built in 1974 and has overhead forced air furnace and newer LED lights and a floor drain. The third bay is the wash bay with the same amenities as the middle bay. The office building is located at the main gate and has a board room with a kitchen space, reception area, 5 offices and a 2 piece bathroom. There are newer laminate floors, vinyl windows and 100 amp service in this building. The fully fenced yard is well packed and maintained with good drainage on the SW corner. With paved access to Highway 1 you are making a commitment to a sustainable long term investment. Have a look at the numbers and GET MOVING IN THE RIGHT DIRECTION!

  • Neighborhood
  • Type
  • County
    Newell, County of
  • Status
    Sold
  • Listing #
    A2218395
  • Built
    1983
  • Listed on site
    1 day
  • Listing Agent Id
    SCMCLEANK
  • Sold Price
    695000.00
  • Listing Brokerage
    Harvest Real Estate

Listed by:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Last updated: 2025-05-08 15:19:17
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Interior Features

  • No Basement

Property History

DateDays AgoEventNew Price
May 8, 20251 day agoPrice increased200,000 (29%)$695,000
May 8, 20251 day agoNew on market$495,000
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