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191 Ordze Ave 3,265 SF 65% Leased Office Building Sherwood Park, AB T8B 1M6 $1,342,525 USD ($411.19 USD/SF)



Investment Highlights
- SHERWOOD PARK HIGHLY ACTIVE COMMERCIAL AREA
- MUTIL-TENANT OFFICE
- CONVENIENT ACCESS TO WYE RD + SHERWOOD DR & THE 'HENDAY'
- LARGE PARKING LOT
- EXCELLANT EXPOSURE
Executive Summary
Excellent investment opportunity in Sherwood Park’s established Wye Road commercial district. Situated on 0.667 acres along Ordze Avenue, this strategically located property offers excellent exposure and convenient access to Wye Road, Sherwood Drive and Anthony Henday Drive. The site features a two-storey multi-tenant office building with a combination of existing tenancy and available space, offering flexibility for investors and owner-users. In addition to the +/-3,265 SF main and upper-level office space, the property includes an attached +/-780 SF garage and +/-1,235 SF of basement space, providing valuable additional space and flexibility. The property has also benefited from several recent improvements, including interior updates and a new A/C unit. A large paved lot provides ample on-site parking, with a portion currently leased to a neighbouring business, providing an additional income component. Surrounded by established retail, restaurants, professional services and commercial uses, the property is well positioned within one of Sherwood Park’s most active commercial areas. Zoned DC19 Area A, this sizeable commercial site offers an attractive combination of existing improvements, current income and longer-term redevelopment potential.
Property Facts
Sale Type
Investment
Property Type
Building Size
3,265 SF
Building Class
C
Year Built
1984
Price
$1,342,525 USD
Price Per SF
$411.19 USD
Percent Leased
65%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,633 SF
Building FAR
0.11
Lot Size
0.66 AC
Zoning
DC19'A' - DIRECT CONTROL ZONE 19 AREA 'A'
Parking
15 Spaces (4.59 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
- Balcony
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
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191 Ordze Ave
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