4806 51 Avenue Active Save Request In-Person Tour Request Virtual Tour
Red Deer,AB T4N 4H3
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Red Deer
MLS Listing ID A2182031
Year Built 1980
Property Description
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.
Location
Province AB
County Red Deer
Zoning C1
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known