10020 Jasper Avenue Central Station exterior in downtown Edmonton
Central Station | Downtown Edmonton

Own a downtown Edmonton retail footprint connected directly to the LRT.

1,013 SF retail condominium located within the Central Station pedway and LRT corridor. Available for purchase or lease with flexible repositioning potential for hospitality, retail, service, owner-user or investor strategy.

Price$149,900
Lease Rate$22/SF
Size1,013 SF
TypeRetail / Hospitality
AccessCentral LRT + Pedway
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Not a basic restaurant listing. A downtown commercial control position.

The strongest story here is the real estate: LRT-connected exposure, interior pedestrian movement, a compact commercial condo structure and the ability to reposition the footprint around a new brand, business model or long-term hold strategy.

ControlCondo ownership creates the potential for long-term real estate control rather than building value inside someone else's lease.
ConnectivityDirect interior access to Central LRT Station and downtown pedway movement places the space inside a daily commuter path.
OptionalityFood-service, cafe, grab-and-go, specialty retail, service use, investment hold or white-box repositioning may all be evaluated.

Positioned inside one of Edmonton's most useful pedestrian corridors.

Central Station is not a standalone strip retail condition. It is a movement node shaped by transit, office workers, downtown residents, students, events and interior weather-protected circulation.

01

Direct LRT connectivity

Interior access to Central LRT Station creates exposure to commuter patterns without relying only on streetfront traffic.

02

Downtown workday flow

Nearby office towers and core-area services support quick-service, coffee, lunch, convenience and appointment-based use cases.

03

Urban residential density

Surrounding residential high-rises add evening, weekend and delivery-oriented demand beyond the commuter window.

04

Event and destination proximity

Rogers Place, ICE District, Churchill Square, MacEwan and downtown hotels all contribute to a broader movement map.

Multiple business models. One strategic footprint.

The space was previously operated as a pizza restaurant, but the real estate supports a broader range of potential concepts. The sale includes the condominium unit only; equipment and trade fixtures are excluded unless negotiated separately with the current business owner.

01

Quick-service restaurant

Existing food-service layout and infrastructure may support an efficient transition for takeout, lunch, dessert, specialty food or delivery-forward concepts, subject to inspection and approvals.

02

Cafe / espresso bar

Transit-oriented movement is naturally suited to coffee, breakfast, grab-and-go and repeat commuter purchasing patterns.

03

Specialty retail or service

The corridor condition can work for niche retail, convenience, beauty, wellness, appointment-based service or a compact downtown brand presence.

04

Investment hold

Acquire a compact commercial condo below many replacement-cost scenarios and evaluate tenanting around transit-connected demand.

A broader buyer pool by separating the real estate from the business-assets conversation.

The real estate is positioned separately from any business-asset conversation so buyers can evaluate the condominium, location and use potential on their own merits. Equipment or business assets may be discussed separately where appropriate.

Lower frictionThe real-estate-only position gives buyers a clearer entry point and lets them evaluate the condominium without being locked into one business model.
More qualified conversationsOperators can still discuss food-service infrastructure, while investors and specialty retailers can focus on location, access and future tenant fit.
Durable asset storyThe primary value proposition is transit-oriented commercial ownership in the downtown core.

1,013 SF commercial condo with LRT-connected positioning.

AddressUnit 1A, 10020 Jasper Avenue, Edmonton AB T5J 1R2
Size1,013 SF retail condominium
ZoningRA9 - buyer or tenant to verify permitted use
Year Built1968
SubtypeMixed use / retail / hospitality
AccessDirect interior LRT and pedway connectivity
PossessionPotential 30-day possession, subject to confirmation

Floor plan dimensions are approximate and subject to verification. All zoning, use, code, condo bylaws, taxes, measurements, equipment availability and financial assumptions must be independently verified by prospective buyers or tenants and their professional advisors.

Own the real estate.

$149,900
  • No landlord renewal risk on the owned footprint
  • Long-term control for an owner-user concept
  • Opportunity to build equity rather than only paying rent
  • Multiple future exit paths: occupy, lease, reposition or hold
Request Investment Package

Flexible leasing option.

$22/SF
  • Lower capital entry point for the right operator
  • Downtown exposure without standalone development expense
  • Existing layout may reduce planning friction for suitable uses
  • Strong fit for startup, expansion or test-market concepts
Request Leasing Information
Modern hospitality interior with timber ceiling and bar seating

Warm materials, urban edge and enough structure to imagine the next brand.

The interior carries a compact hospitality language: exposed timber detailing, patterned ceiling panels, polished concrete, bar seating, service counters and food-prep zones. For the right operator, it can become a downtown espresso bar, lunch counter, dessert concept, branded takeout model or specialty retail experience.

AtmosphereIndustrial-modern bones with warm wood and a polished urban feel.
EfficiencyCompact layout designed around service, prep, queueing and repeat customer flow.
RepositioningThe premises may be delivered vacant, allowing a new owner or tenant to design the next concept.

Built for the operator and the investor.

Different buyer profiles may see different paths: an operator may focus on launch potential, while an investor may focus on ownership, tenantability and long-term control.

Owner-operator

Launch the concept around controlled real estate.

Use the downtown footprint as the base for a food, cafe, retail or service concept with the potential advantage of owning the condominium unit behind the brand.

Investor

Hold a transit-oriented commercial asset.

Acquire compact downtown commercial real estate and evaluate tenanting around LRT, pedway, office, residential and event-linked demand drivers.

Downtown Edmonton is built on connected demand.

The property sits within a practical movement network: Central LRT Station, Jasper Avenue, office towers, residential high-rises, MacEwan, Churchill Square, ICE District and Rogers Place.

Central LRT StationDirect interior connection to transit movement.
Jasper AvenueEdmonton's core commercial corridor.
ICE District + Rogers PlaceEvent, hospitality and visitor demand nearby.
MacEwan + ChurchillStudent, civic and downtown destination traffic.
Office + residential towersDaytime, evening and delivery customer potential.

Review the opportunity with the right materials in hand.

Download the core property materials for floor plan review, investment positioning, zoning diligence and private buyer conversations.

Own the footprint. Build the vision.

Tell us how you are looking at the opportunity so the right package, tour format and next-step details can be sent.

Contact Bonni Pinder REALTOR® at 780.903.3820 or bonni@covaragroup.com.

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