4806 51 Avenue, Red Deer, Alberta T4N 4H3

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$1,350,000

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. (id:55577)

Property Features

  • MLS® Number A2182031
  • Price $1,350,000
  • Square Footage: 8675 sqft
  • Property Type: Commercial Mix
  • Community Name: Downtown Red Deer
  • Plan H

Buildings

Constructed Date 1980 Size Exterior 8675 Sqft
Size Interior 8675 Sqft Total Finished Area 8675 Sqft
Type Commercial Mix

Land

Acreage No Size Total Text Unknown
Zoning Description C1

Agents and Offices

  • Rohit Brar
  • Office: Royal LePage Solutions

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