4806 51 Avenue
Red Deer T4N 4H3
MLS® Number: A2182031
$ 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 |
| PROPERTY TYPE | Mixed Use |
| BUILDING TYPE | Low Rise (2-4 stories) |
| STYLE | N/A |
| YEAR BUILT | 1980 |
| SQUARE FOOTAGE | 0 |
| BEDROOMS | 0 |
| BATHROOMS | 0 |
| BASEMENT | |
| AMENITIES | |
| APPLIANCES | |
| COOLING | |
| FIREPLACE | N/A |
| FLOORING | |
| HEATING | |
| LAUNDRY | |
| LOT FEATURES | |
| PARKING | |
| RESTRICTIONS | None Known |
| ROOF | |
| TITLE | |
| BROKER | Royal LePage Solutions |
| ROOMS | DIMENSIONS (m) | LEVEL |
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