3
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$1,350,000
Est. payment /mo
8,675 SqFt
Active
4806 51 Avenue Red Deer, AB T4N4H3
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,675 sqft
Price per Sqft $155
Subdivision Downtown Red Deer
MLS® Listing ID A2182031
Originating Board Calgary Real Estate Board
Year Built 1980
Property 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. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by Royal LePage Solutions