4930 53 Avenue, Red Deer
4930 53 Avenue, Red Deer
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14 Photos
- Living area: 5607 square feet
- MLS®: a2096220
- Type: Commercial
- Added: 137 days ago
Property Details
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:1945)
Property Information
- Tax Lot: 3A
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas, Central heating
- List AOR: Red Deer (Central Alberta)
- Tax Year: 2023
- Tax Block: 3
- Year Built: 1964
- Living Area: 5607
- Photos Count: 14
- Lot Size Units: square feet
- Parcel Number: 0013971296
- Structure Type: Retail
- Common Interest: Leasehold
- Subdivision Name: Downtown Red Deer
- Tax Annual Amount: 17703
- Exterior Features: Brick
- Building Area Total: 5607
- Existing Lease Type: Triple Net
- Foundation Details: Slab
- Lot Size Dimensions: 13068.00
- Zoning Description: DC(28)
- Above Grade Finished Area: 5607
- Above Grade Finished Area Units: square feet
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