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4930 53 Avenue Red Deer, Alberta T4N 5J9

5607 sqft
Central Air Conditioning Central Heating, Forced Air

$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:57594)

Property Details

MLS® Number A2096220
Property Type Retail
Neigbourhood Downtown Red Deer
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)