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5211 50 St 950 SF Retail Building Andrew, AB T0B 0C0 $500,250 USD ($526.58 USD/SF)
Investment Highlights
- Close to major arteries, primary gas station for the area.
- Includes an operating gas bar and convenience store with established customer base.
- Additional proposed development on property - 12 units of residential and main floor commercial.
- Well-positioned as a highway-adjacent site catering to local and transient demand.
Executive Summary
The property’s price has recently been reduced, presenting an exceptional value-add opportunity. It is situated just a 15–20 minute drive from the Northern Lights RV Resort in Vilna, Alberta, which is already in operation and draws consistent visitor traffic to the area. Additionally, the site includes proposed plans for further development, featuring 12 residential units paired with main-floor commercial space, enhancing both its mixed-use potential and long-term appeal for investors or owner-users.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
950 SF
Building Class
C
Year Built
1980
Price
$500,250 USD
Price Per SF
$526.58 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
2.79 AC
Frontage
205’ on 52 Avenue
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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5211 50 St
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