403-782-3171 Royal LePage Lifestyles Realty

4930 53 Avenue, Red Deer

Retail Property for Sale

4930 53 Avenue, Red Deer, MLS® # A2096220
  • MLS®#: A2096220
  • Price: $1,100,000
  • Status: Pending
  • Year Built: 1964
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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.

Contact Lisa Suarez About MLS® A2096220

Required Field

Lisa Suarez, (403) 782-3171 at Royal LePage Lifestyles Realty, 5820 Highway 2A, Lacombe, Alberta, T4L 2G5

property information

  • Property Type: Retail Property
  • MLS®#: A2096220
  • Year Built: 1964
  • Lot Size: 13,068.00 sq.ft.
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Community Information

  • Address: 4930 53 Avenue
  • Neighbourhood: Downtown Red Deer
  • City: Red Deer
  • Nearest Town: Red Deer
  • Postal Code: T4N 5J9
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interior

  • Included: N/A
  • Basement: Slab
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exterior

  • Exterior Finish: Brick
  • Roof: Membrane
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$1,100,000

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Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association.

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