Elke Babiuk
Cell: 403-998-2735
4930 53 Avenue, Red Deer
$1,100,000
0 Beds
0 Baths
0 Sqft
.3 Acres
0 Garages
BUILDING ONLY FOR SALE ONLY. Featuring just over 5,600 sq ft, this multi-purpose, stand alone building on it's own lot is ideally located right West of the downtown Superstore. Strong three-year NNN lease renewal just resigned with same strong tenant for the past 10+years. building produces around an 8% cap rate on a solid 3 year average, based on asking price. Cinder block building on slab. Future opportunity exists to split building into two if desired (previous rear 4000 sq ft section was a mechanic shop and the front 1,600 was a retail space) regular maintenance & improvements to roof, HVAC, Windows, LED Lighting and exterior facade, have all been completed in the last several years. Good investment, strong return, great location. Please do not approach business/ workers regarding the building sale.
Essential Information
MLS® #A2096220
Price$1,100,000
Bathrooms0.00
Acres0.30
Year Built1964
TypeCommercial
Sub-TypeRetail
StatusActive
Community Information
Address4930 53 Avenue
SubdivisionDowntown Red Deer
CityRed Deer
CountyRed Deer
ProvinceAlberta
Postal CodeT4N 5J9
Interior
CoolingCentral Air
Heating
Central, Forced Air, Natural Gas
Exterior
RoofMembrane
ConstructionBrick
FoundationSlab
Additional Information
ZoningDC(28)
Listing Details
OfficeCentury 21 Advantage
LISTING MAP
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