Property Details

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102, 5229 50 Avenue
Red Deer (A2259933)

$299,900
2,000 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

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

Description

Attractive 10% CAP RATE Return on this C1-zoned ,Class A PROFESSIONAL OFFICE SPACE W/ optional 13-PARKING STALL separate lot (individually titled) ! This 2,000 SQ FT +/- , First-Class, END-CAP UNIT Office space, located right on GAETZ AVE SOUTH! Main-level GAETZ AVE FRONTAGE, featuring 7 generous offices, front reception w/ built in desk, 2 baths, a big boardroom w/ kitchenette, a server/ storage room as well as 6 common parking spots out front. Low condo fee's of $367.88/month. (2024) Need more parking? OPTION TO BUY THE ADDITIONAL 25'x125' gravelled parking lot (4927-53 street) which has 15 stalls (can be rented @ $60.00/month/stall) Listed at $129,900.00. Sold together ($429,800.00)or separate. Superb location with HIGH VISIBILITY and a traffic count, well over 7,000 cars/day. Visit REALTORS® website for more detailed information. Tenant currently pays $3,286.68/month ($15.00/PSF ($2,500/month), plus $4.72/PSF NNN costs ($786.68)

Property details

Basic Info

MLS® #
A2259933
Property Type:
Commercial
Subtype:
Office
Subdivision:
Downtown Red Deer
Price
$299,900
Sale/Lease:
For Sale
Size:
2,000 sq.ft.
Year Built:
2000 (25 years old)

Building Info

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

Condo/Association Info

Condo Type:
Conventional Condo

Lot / Land Info

Zoning:
C1

Materials & Systems

Roof:
Tar/Gravel
Exterior:
Brick,Wood Frame
Foundation:
Poured Concrete
Heating:
Forced Air, Natural Gas
Cooling:
Central Air

Listing Info

Possession:
30 Days / Neg
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Your Agent

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

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