4930 53 Avenue
Red Deer
Update on 2023-07-04 10:05:04 AM
$ 1,100,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1964
YEAR BUILT
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.
COMMUNITY | Downtown Red Deer |
TYPE | Commercial |
STYLE | |
YEAR BUILT | 1964 |
SQUARE FOOTAGE |
BEDROOMS | |
BATHROOMS | |
BASEMENT | |
FEATURES |
GARAGE | No |
PARKING | |
ROOF | Membrane |
LOT SQFT | 1214 |
ROOMS | DIMENSIONS (m) | LEVEL |
---|---|---|
Master Bedroom | ||
Second Bedroom | ||
Third Bedroom | ||
Dining Room | ||
Family Room | ||
Kitchen | ||
Living Room |
INTERIOR
Central Air, Central, Forced Air, Natural Gas,
EXTERIOR
Broker
Century 21 Advantage
Agent