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$ 579,900
Est. payment | /mo
$ 579,900
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS® Listing ID A2125902
Originating Board Central Alberta
Year Built 1980
Annual Tax Amount $6,090
Tax Year 2023
Property Description
This property presents an exceptional investment opportunity with a long-term tenant who has just signed a new 5-year lease. Located at 5016 50 Ave in the heart of Sylvan Lake’s vibrant downtown, this 4,197 sq ft mixed-use commercial space offers prime visibility and high foot traffic, especially during the busy summer season. The property features a welcoming reception area, a spacious sitting room, a private office, a versatile shop space, and a lunchroom. With three bathrooms and four bay doors, it’s perfectly equipped for a wide range of business uses. The tenant has been in place long-term and continues on a escalading Triple Net Lease , offering a solid 8.55% CAP Rate on 5 year average .For environmental disclosure and more information, please contact the listing agent.
Location
Province AB
County Red Deer County
Zoning RCDC
Others
Restrictions None Known
Tax ID 84877629
Ownership Private
Listed by eXp Realty