Property Details

Featured in:

Winners:

Featured in:

Winners:

4806 51 Avenue
Red Deer (A2182031)

$1,350,000
8,675 ft²
Loading Listing...

Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

This meticulously maintained office building is located right on Hwy 2A, offering excellent visibility and accessibility. The property is 100% leased with true NNN leases, ensuring that tenants cover all operating costs, making this a hassle-free investment. The largest tenant has been in place for over 20 years, adding stability to this exceptional asset. Listed at a 7.18% cap rate and open to offers, this property presents a rare opportunity to acquire a turnkey investment in the heart of Red Deer’s vibrant downtown core. Recent upgrades include 4 brand-new HVAC systems (installed in 2022, Approx. $60,000) and new LED lighting with electrical work (completed in 2022, Approx. $23,000). These updates reduce operating expenses and enhance energy efficiency for years to come.

Property details

Basic Info

MLS® #
A2182031
Property Type:
Commercial
Subtype:
Mixed Use
Subdivision:
Downtown Red Deer
Price
$1,350,000
Sale/Lease:
For Sale
Size:
8,675 sq.ft.
Year Built:
1980 (45 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Zoning:
C1

Listing Info

Possession:
Negotiable
Related Properties
Share This Listing
Ask About This Property
  • This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

Email