AB > Red Deer > Downtown Red Deer
Red Deer, AB T4N 4H3,4806 51 Avenue
Red Deer, AB T4N 4H3,4806 51 Avenue
Red Deer, AB T4N 4H3,4806 51 Avenue
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Sam Pond

Sam Pond

+1(403) 889-0913
$1,350,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Downtown Red Deer

MLS® Listing ID A2182031

Year Built 1980

Property Sub-Type Mixed Use

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.

Location

Province AB

County Red Deer

Zoning C1

Building

Dwelling Type Low Rise (2-4 stories)

Others

Restrictions None Known

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Listed by Royal LePage Solutions
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"Interested in this home? Or similar properties to this one? Reach out, let's talk about the next step."

+1(403) 889-0913

sam@sampond.ca

Calgary, AB, CAN

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