MLS®: A2182031 - Downtown Red Deer $1,350,000

  • Address: 4806 51 Avenue
  • Size: sq.ft.
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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.

MLS®: A2182031 - Downtown Red Deer $1,350,000

  • Address: 4806 51 Avenue
  • Size: sq.ft.
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  • Other

Includes: N/A

Property Information

Property Type: Mixed Use

Year Built: 1980

Brokerage: Royal LePage Solutions

Listed Date: Please login or create an account

Community Information

City/Town: Red Deer

Community: Downtown Red Deer

Exterior

Interior

Fireplace Details: For Sale

Rooms

Total Bedrooms: 0 (Bedrooms Above: 0)

Bathrooms: Full: 0 / Half: 0

Above Grade: 0

Legal, Financial & Possession

Zoning: C1

Legal Description: Lot/Unit: Lot/Unit:,Plan: H,Block:

Tax: 17072.79

Possession: Negotiable

Occupancy: Tenant

Restrictions: None Known

Listing Courtesy of Royal LePage Solutions

The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

MLS®: A2182031 - Downtown Red Deer $1,350,000

  • Address: 4806 51 Avenue
  • Size: sq.ft.
  • 0
  • 0
  • Other

Listing Courtesy of Royal LePage Solutions

The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.