About 4930 53 Avenue
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.
Features of 4930 53 Avenue
MLS® # | A2096220 |
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Price | $1,100,000 |
Bathrooms | 0.00 |
Acres | 0.30 |
Year Built | 1964 |
Type | Commercial |
Sub-Type | Retail |
Status | Active |
Community Information
Address | 4930 53 Avenue |
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Subdivision | Downtown Red Deer |
City | Red Deer |
County | Red Deer |
Province | Alberta |
Postal Code | T4N 5J9 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Heating | Central, Forced Air, Natural Gas |
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Cooling | Central Air |
Fireplace | No |
Has Basement | No |
Exterior
Roof | Membrane |
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Construction | Brick |
Foundation | Slab |
Additional Information
Date Listed | December 18th, 2023 |
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Days on Market | 153 |
Zoning | DC(28) |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Century 21 Advantage |
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