422 50 St

A well-located, good-quality, and prominent building on a corner site in downtown Edson – a town of approx. 8,000 people (servicing area of 20,000) located at a roughly the mid-point between Edmonton and Jasper National Park. The town of Edson has a diversified regional economy with basic (e.g., oil and gas, forestry, coal, and agriculture) and service industries (e.g., a new regional hospital, all levels of government, retail, etc.), and with a variety of community amenities, services, and recreational activities.
This property has only ever been offered for sale on the open market once and this was many years ago. The main floor of the building is occupied by a long-term National tenant that was recently renewed through to September 2031, with the rate likely to increase in September 2026, plus a 5-year renewal option. The second floor is built out as office space and divided into two areas; the larger area was previously occupied by a National Tenant.
The building has roof access - a feature that provides a unique opportunity for developing a rooftop patio with elevated views of the town and surrounding area. Two easily walkable stairways connect the basement with the rest of the building with one of them going all the way up to the roof. The basement with elevated ceiling and the room at the top of the stair next to the roof access are not included in the GBA/NRA. Both spaces provide storage or additional build-out opportunities.
The parking at the back of the building as well as an adjoining parking lot are part of the property and included in the sale. There is also street parking and a town parking lot in the immediate area.
The sale also includes plans for a redevelopment into a mixed-use, 4-story project with up to 12 suites on the upper two levels, and general retail and office on the lower two levels.
Great owner-user space on the second floor with investment income from the main floor tenant or lease out the second floor and have a quality multi-tenanted investment property. Alternatively, develop the mixed-use project and diversify the revenue streams, and there is likely a need for new rental housing stock in the community (very little exists in the downtown area).
Motivated seller, give us a call to discuss!