4930 53 Avenue, Red Deer, Alberta T4N 5J9 (26363644)
4930 53 Avenue Red Deer, Alberta T4N 5J9
$1,100,000
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. (id:36938)
Property Details
| MLS® Number | A2096220 |
| Property Type | Retail |
| Community Name | Downtown Red Deer |
| Plan | 9021660 |
Building
| Constructed Date | 1964 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Slab |
| Heating Fuel | Natural Gas |
| Heating Type | Central Heating, Forced Air |
| Size Exterior | 5607 Sqft |
| Size Interior | 5607 Sqft |
| Total Finished Area | 5607 Sqft |
| Type | Retail |
Land
| Acreage | No |
| Size Irregular | 13068.00 |
| Size Total | 13068 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Size Total Text | 13068 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | Dc(28) |
https://www.realtor.ca/real-estate/26363644/4930-53-avenue-red-deer-downtown-red-deer
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February 21 2024 07:21:40
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