1 of 14 - 4930 53 Avenue, Red Deer, Alberta
2 of 14 - 4930 53 Avenue, Red Deer, Alberta
3 of 14 - 4930 53 Avenue, Red Deer, Alberta
4 of 14 - 4930 53 Avenue, Red Deer, Alberta
5 of 14 - 4930 53 Avenue, Red Deer, Alberta
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4930 53 Avenue, Red Deer, Alberta

$1,100,000

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5,607

Square feet

0.30

Acres

About 4930 53 Avenue

BUILDING ONLY FOR SALE ONLY. Featuring just over 5,600 sq ft, this multi-purpose, stand alone building on it's own lot is ideally located right West of the downtown Superstore. Strong three-year NNN lease renewal just resigned with same strong tenant for the past 10+years. building produces around an 8% cap rate on a solid 3 year average, based on asking price. Cinder block building on slab. Future opportunity exists to split building into two if desired (previous rear 4000 sq ft section was a mechanic shop and the front 1,600 was a retail space) regular maintenance & improvements to roof, HVAC, Windows, LED Lighting and exterior facade, have all been completed in the last several years. Good investment, strong return, great location. Please do not approach business/ workers regarding the building sale. (id:36535)

Features of 4930 53 Avenue

Listing # A2096220
Price $1,100,000
Bathrooms 0.00
Square Footage 5,607
Acres 0.30
Year Built 1964
Type Retail
Sub-Type Leasehold

Community Information

Address 4930 53 Avenue
Subdivision Downtown Red Deer
City Red Deer
Province Alberta
Postal Code T4N5J9

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Natural gas Central heating, Forced air
Cooling Central air conditioning
Fireplace No
Has Basement No

Exterior

Exterior Brick
Foundation Slab

Listing Details

OfficeCourtesy Of Wesley Giesbrecht Of Century 21 Advantage

Listing Map