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:52784)
Property Details
| MLS® Number | A2182031 |
| Property Type | Other |
| Community Name | Downtown Red Deer |
| Plan | H |
Building
| ConstructedDate | 1980 |
| SizeExterior | 8675 Sqft |
| SizeInterior | 8675 Sqft |
| TotalFinishedArea | 8675 Sqft |
| Type | Commercial Mix |
Land
| Acreage | No |
| SizeTotalText | Unknown |
| ZoningDescription | C1 |
https://www.realtor.ca/real-estate/27705396/4806-51-avenue-red-deer-downtown-red-deer
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December 03 2024 08:26:15
Calgary Real Estate Board
Royal LePage Solutions