Overview

117 Kearney Lake Road

CBRE Limited has been retained on an exclusive basis to coordinate the sale of 117 Kearney Lake Road in Halifax, Nova Scotia Wedgewood Plaza is a neighbourhood plaza providing commercial amenities to the local residential communities of Wedgewood Park, Kearney Lake, Sherwood Heights, Sherwood Park, Clayton Park, and Cresthaven Wedgwood Plaza enjoys a prominent corner at the confluence of Kearney Lake Road and Castle Hill Drive and is strategically located immediately off Exit 2 along Highway 102 Kearney Lake Road serves as a traffic arterial providing daily commuters a connection between the Bedford Highway and Dunbrack Street to Highway 102. Comprising 37 327 sq ft of commercial space, including 4 082sq ft of second floor office, the building is set on 4 23 acres with the site being entirely paved and providing 184 surface parking stalls to tenants and their customers Wedgewood Plaza boasts an exceptional occupancy level at 96 with only one vacant unit of 1 410 sq ft The income is predominately secured by large national and strong regional tenants such as Tim Hortons, NSLC, Vogue Optical, Clayton Park Chiropractic, All State Insurance, Canada Bread Company and the Halifax Regional Centre for Education. Wedgewood Plaza is an institutionally owned, well maintained commercial retail plaza occupying a premium location in Halifax The Vendor has undergone extensive upgrades including a new roof in 2018 a new sprinkler system in 2020 and the installation of an elevator/lobby reconfiguration for the second floor office unit The Property is a leading prospect for office and retail tenants, alike, and offers an excellent long term investment opportunity for all investors.
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Sizes and Measurements

Total Size

41,409 sq. ft.

Total Building Size

41,409 sq. ft.

Parking

Spaces ratio

4.93 spaces per 1000 sq. ft.

Surface Spaces

184 spaces

General Information

For Sale

Price is Negotiable

Number of Storeys

2

Year Built

1994

Photos

20200924_103427

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