AB > Red Deer > Downtown Red Deer
Red Deer, AB T4N4H3,4806 51 Avenue
Red Deer, AB T4N4H3,4806 51 Avenue
Red Deer, AB T4N4H3,4806 51 Avenue
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RE/MAX Generation

RE/MAX Generation

+1(250) 858-5465
$1,350,000
Est. payment /mo
8,675 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,675 sqft

Price per Sqft $155

Subdivision Downtown Red Deer

MLS® Listing ID A2182031

Originating Board Calgary Real Estate Board

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. (id:24570)

Location

Province AB

Exterior

Parking Features No

View Y/N No

Private Pool No

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Listed by Royal LePage Solutions
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