$1,100,000.00 5,607 Sq.ft

4930 53 Avenue , Red Deer. T4N 5J9

Description

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.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2096220
City:Red Deer
Neighbourhood:Downtown Red Deer
Province:Alberta
Building/Unit Size: 5,607 sq.ft
Land Size:0.30 Acre
Listing Price:$1,100,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Retail
Transaction Type:For Sale
Land Use Code:DC(28)
Listing Contract Date:2023-12-18

For fast response, please email us via the “Inquiry Via Email” button with your contact information.

To purchase a business or property, please visit "Our People", to find a commercial expert who specializes in the type of business or property you are looking for, speaks your language, and has an office in your city.

This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "Century 21 Advantage" listing brokerage.

Google map