5056 50 ST, Innisfail, AB T4G 1S7
5056 50 ST, Innisfail, AB T4G 1S7
5056 50 ST, Innisfail, AB T4G 1S7
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Sam Pond

Sam Pond

+1(403) 889-0913
$410,000
Est. payment /mo
2,357 SqFt
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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,357 sqft

Price per Sqft $173

Subdivision Downtown Innisfail

MLS Listing ID A2330005

Year Built 1967

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Office

Property Description

Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street,with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking),with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied,keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing,removing near-term capital risk for a new owner. A low-maintenance,essential-service tenant hold,priced to reflect current small-town Alberta cap rates.

Location

Province AB

County 0263

Zoning CB

Interior

Fireplace No

Exterior

Garage No

Building

Dwelling Type Low Rise (2-4 stories)

Others

Restrictions None Known

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Listed by Century 21 Maximum

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Sam Pond

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+1(403) 889-0913

sam@sampond.ca

Calgary, AB, CAN

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