4550 46 AVE Lacombe, AB T4L 2C6

Rare Opportunity! Strategically positioned in Lacombe's light industrial area with excellent highway access, this 1.83-acre property presents a strong opportunity for investors seeking versatility and long-term upside. With Light Industrial (I1) zoning already in place, the site supports a wide range of permitted uses. The 40' x 80' (3,200 sq. ft.) heated shop includes four bays with three overhead doors, LED lighting, a clean-burn oil furnace, and a 3HP 60-gallon air compressor — making it attractive for commercial tenants or owner-operators. The expansive yard space adds additional flexibility for storage, fleet parking, or future improvements. A separately situated bungalow 2-bedroom, 1-bath residence offers potential for rental income or on-site management. The home has benefited from multiple upgrades, including a newer furnace and hot water tank, updated windows and doors, improved attic insulation, plus newer shingles and siding. With industrial zoning, usable acreage, and dual income possibilities, this property offers a rare combination of cash flow potential and operational flexibility.