Homes for sale - 5016 50 AVE, Sylvan Lake, AB T4S1P4

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Sam Pond

sam@sampond.ca +1(403) 889-0913

$579,900

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UPDATED:

10/24/2024 06:55 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Downtown

MLS® Listing ID A2125902

Year Built 1980

Property Description

This property presents an exceptional investment opportunity with a long-term tenant who has just signed a new 5-year lease. Located at 5016 50 Ave in the heart of Sylvan Lake’s vibrant downtown, this 4,197 sq ft mixed-use commercial space offers prime visibility and high foot traffic, especially during the busy summer season. The property features a welcoming reception area, a spacious sitting room, a private office, a versatile shop space, and a lunchroom. With three bathrooms and four bay doors, it’s perfectly equipped for a wide range of business uses. The tenant has been in place long-term and continues on a escalading Triple Net Lease , offering a solid 8.55% CAP Rate on 5 year average .For environmental disclosure and more information, please contact the listing agent.

Location

Province AB

County Red Deer County

Zoning RCDC

Building

Dwelling Type Mixed Use

Others

Restrictions None Known

Tax ID 84877629

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Listed by eXp Realty

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+1(403) 889-0913

sam@sampond.ca

Calgary, AB, CAN

5016 50 AVE Sylvan Lake, AB T4S1P4

Sam Pond

Key Details

Location

Building

Others

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5016 50 AVE