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MLS® A2182031

  • Key Facts
  • Description
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Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $17,073
Approx. Age 1980
MLS® Number A2182031

Property Address: 4806 51 Avenue, Red Deer, AB, T4N4H3

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberA2182031
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1980
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

N/A

Similar Listings

Price History

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  • Commute

Commute

Starting Address
Destination Address
4806 51 Avenue, Red Deer, AB

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