5016 50 Avenue Sylvan Lake, Alberta T4S 1P4
$579,900
This property presents an exceptional investment opportunity with a long-term tenant who has just signed a new 5-year lease. Located at 5016 50 Ave in the heart of Sylvan Lake’s vibrant downtown, this 4,197 sq ft mixed-use commercial space offers prime visibility and high foot traffic, especially during the busy summer season. The property features a welcoming reception area, a spacious sitting room, a private office, a versatile shop space, and a lunchroom. With three bathrooms and four bay doors, it’s perfectly equipped for a wide range of business uses. The tenant has been in place long-term and continues on a escalading Triple Net Lease , offering a solid 8.55% CAP Rate on 5 year average .For environmental disclosure and more information, please contact the listing agent. (id:57810)
Property Details
| MLS® Number | A2125902 |
| Property Type | Other |
| Community Name | Downtown |
| Plan | 1549aj |
Building
| ConstructedDate | 1980 |
| SizeExterior | 4197.04 Sqft |
| SizeInterior | 4197.04 Sqft |
| TotalFinishedArea | 4197.04 Sqft |
| Type | Commercial Mix |
Land
| Acreage | No |
| SizeTotalText | Unknown |
| ZoningDescription | Rcdc |
https://www.realtor.ca/real-estate/26817123/5016-50-avenue-sylvan-lake-downtown
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October 24 2024 06:08:40
Central Alberta REALTORS® Association
Exp Realty
