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$549,900 total
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Asset Class
Industrial
Size
—
Building class
B
Zoning
IM — Medium Industrial
$ / SF
—
Occupancy
84%
Lot Size
16.846 ac
Clear height
18 ft
Loading docks
1
First time on the market! Rare 16.85-acre offering in Alma with frontage on Alma Road and access on Highway 4, just 2 minutes to the Trans-Canada Highway. Recently surveyed and ready for its next chapter, the property combines partially cleared area and frontage on Alma Road and offers real development potential, along with a large 50x104 building that could suit many uses. Large bay doors at each end of the building let you drive right through. The main level is an open, concrete-floored space with a storage room that could become office space. Upstairs, exposed timber framing and high ceilings create a vast open space with room for lots of ideas, plus ground-level bay doors at the back for easy access. A new metal roof (2024) adds peace of mind. Picture a workshop, storage or equipment base, a creative or event venue, or a business that benefits from the nearby school and steady local traffic. The building was originally a machine shop and was most recently used by a construction company. There is also plenty of land for residential development possibilities. Buyer to verify zoning and permitted uses. Currently vacant and ready for a new owner. A standout opportunity for investors, entrepreneurs and developers. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$22K
Annual cash flow
$-9K
Cash-on-cash
-5.34%
DSCR
0.71
Going-in cap
3.94%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
45,252
Households
19,513
Median income
$126,000
Median age
32.9
Daytime population
42,070
5-yr growth
1.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 5077 Highway 4, Alma.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.