4806 51 Avenue
Red Deer
Update on 2023-07-04 10:05:04 AM
$ 1,350,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1980
YEAR BUILT
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.
COMMUNITY | Downtown Red Deer |
TYPE | Commercial |
STYLE | |
YEAR BUILT | 1980 |
SQUARE FOOTAGE |
BEDROOMS | |
BATHROOMS | |
BASEMENT | |
FEATURES |
GARAGE | No |
PARKING | |
ROOF | |
LOT SQFT | 0 |
ROOMS | DIMENSIONS (m) | LEVEL |
---|---|---|
Master Bedroom | ||
Second Bedroom | ||
Third Bedroom | ||
Dining Room | ||
Family Room | ||
Kitchen | ||
Living Room |
INTERIOR
EXTERIOR
Broker
Royal LePage Solutions
Agent