Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates. (id:57594)
| MLS® Number | A2330005 |
| Property Type | Office |
| Community Name | Downtown Innisfail |
| Plan | 3143et |
| Constructed Date | 1967 |
| Size Exterior | 2357 Sqft |
| Size Interior | 2,357 Sqft |
| Total Finished Area | 2357 Sqft |
| Type | Offices |
| Acreage | No |
| Size Irregular | 2649.00 |
| Size Total | 2649 Sqft|0-4,050 Sqft |
| Size Total Text | 2649 Sqft|0-4,050 Sqft |
| Zoning Description | Cb |
https://www.realtor.ca/real-estate/30044167/5056-50-street-innisfail-downtown-innisfail
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