JN REAL ESTATE GROUP

Edmonton

FOR LEASE

$42

LEASE RATE · PER SQ. FT. / YEAR

MLS A2321284

BUSINESS · BUILT 2021

MLS A2321284 · 25 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

Prime Restaurant Opportunity in Prestigious Magrath Heights – Bring Your Own Concept Rare opportunity to acquire a fully built-out restaurant space in the highly desirable Magrath Heights community of Southwest Edmonton. This turnkey location is ideal for entrepreneurs and restaurateurs looking to launch their own concept without the significant costs and delays associated with a new build. The premises feature a complete commercial kitchen, dining area, and extensive leasehold improvements, allowing for a seamless transition into operations. A recent appraisal completed by a certified appraiser valued the assets at $429,000, including Equipment valued at $138,000 and Leasehold Improvements valued at $291,000. Located in one of Edmonton’s most affluent and rapidly growing neighborhoods, the site benefits from strong demographics, high household incomes, excellent visibility, nearby schools, parks, retail amenities, and convenient access to major roadways. The surrounding residential population continues to expand, creating strong potential for a variety of restaurant and food-service concepts.

DETAILS

TRANSACTION

TRANSACTION
For Lease
LEASE PERIOD
Annually
LEASE MEASURE
Square Feet

BUILDING

TYPE
Business
YEAR BUILT
2021

LISTING COURTESY OF SAI PATEL · RE/MAX REAL ESTATE (MOUNTAIN VIEW)

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.