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.
Features of 4930 53 Avenue
| MLS® # | A2096220 |
|---|---|
| Price | $1,100,000 |
| Bathrooms | 0.00 |
| Acres | 0.30 |
| Year Built | 1964 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 4930 53 Avenue |
|---|---|
| Subdivision | Downtown Red Deer |
| City | Red Deer |
| County | Red Deer |
| Province | Alberta |
| Postal Code | T4N 5J9 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Central, Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Membrane |
|---|---|
| Construction | Brick |
| Foundation | Slab |
Additional Information
| Date Listed | December 18th, 2023 |
|---|---|
| Days on Market | 151 |
| Zoning | DC(28) |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Advantage |
|---|