Margaret Hamilton
Call Direct 403.615.4256
SERVING YOUR CALGARY REAL ESTATE NEEDS
4806 51 Avenue, Red Deer
Mixed Use for Sale
- MLS®#: A2182031
- Price: $1,350,000
- Status: Active
- Year Built: 1980
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.
Contact Margaret Hamilton About MLS® A2182031
Margaret Hamilton, 403.615.4256 at Royal LePage Solutions, #205 - 264 Midpark Way SE, Calgary, Alberta, T2X 1J6
property information
- Property Type: Mixed Use
- MLS®#: A2182031
- Year Built: 1980
Community Information
- Address: 4806 51 Avenue
- Neighbourhood: Downtown Red Deer
- City: Red Deer
- Postal Code: T4N 4H3
interior
- Included: N/A
- Fireplace Details: For Sale
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Royal LePage Solutions
