5016 50 Avenue, Sylvan Lake, Alberta T4S 1P4 (26817123)


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5016 50 Avenue Sylvan Lake, Alberta T4S 1P4

4197.04 sqft

$579,900

This property presents an exceptional investment opportunity with a long-term tenant who has just signed a new 5-year lease. Located at 5016 50 Ave in the heart of Sylvan Lake’s vibrant downtown, this 4,197 sq ft mixed-use commercial space offers prime visibility and high foot traffic, especially during the busy summer season. The property features a welcoming reception area, a spacious sitting room, a private office, a versatile shop space, and a lunchroom. With three bathrooms and four bay doors, it’s perfectly equipped for a wide range of business uses. The tenant has been in place long-term and continues on a escalading Triple Net Lease , offering a solid 8.55% CAP Rate on 5 year average .For environmental disclosure and more information, please contact the listing agent. (id:36938)

Property Details

MLS® Number A2125902
Property Type Other
Community Name Downtown
Plan 1549aj

Building

ConstructedDate 1980
SizeExterior 4197.04 Sqft
SizeInterior 4197.04 Sqft
TotalFinishedArea 4197.04 Sqft
Type Commercial Mix

Land

Acreage No
SizeTotalText Unknown
ZoningDescription Rcdc

https://www.realtor.ca/real-estate/26817123/5016-50-avenue-sylvan-lake-downtown

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