4806 51 Avenue Red Deer, Alberta T4N 4H3
$1,350,000
This meticulously maintained office building is located right on Hwy 2A, offering excellent visibility and accessibility. The property is 100% leased with true NNN leases, ensuring that tenants cover all operating costs, making this a hassle-free investment. The largest tenant has been in place for over 20 years, adding stability to this exceptional asset. Listed at a 7.18% cap rate and open to offers, this property presents a rare opportunity to acquire a turnkey investment in the heart of Red Deer’s vibrant downtown core. Recent upgrades include 4 brand-new HVAC systems (installed in 2022, Approx. $60,000) and new LED lighting with electrical work (completed in 2022, Approx. $23,000). These updates reduce operating expenses and enhance energy efficiency for years to come. (id:57810)
Property Details
| MLS® Number | A2182031 |
| Property Type | Other |
| Community Name | Downtown Red Deer |
| Plan | H |
Building
| Constructed Date | 1980 |
| Size Exterior | 8675 Sqft |
| Size Interior | 8,675 Ft2 |
| Total Finished Area | 8675 Sqft |
| Type | Commercial Mix |
Land
| Acreage | No |
| Size Total Text | Unknown |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/27705396/4806-51-avenue-red-deer-downtown-red-deer
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
December 03 2024 08:26:15
Calgary Real Estate Board
Royal LePage Solutions
