2,703 SqFt
2,703 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,703 sqft
Price per Sqft $332
MLS Listing ID A2265377
Year Built 1977
Property Sub-Type Office
Property Description
Inside, the space is bright, welcoming, and impressively well-kept. The layout includes five private treatment rooms, a large open exercise area with two additional treatment spaces, a professional reception and waiting area, an office, file storage, two washrooms (one with a shower), and a laundry room. Comfort is ensured with three forced-air furnaces and central air conditioning that have been regularly maintained.
Built in 1977 on a slab-on-grade foundation, the property benefits from excellent natural light thanks to its east-facing front and sunny south exposure. The location offers great visibility and is surrounded by other professional services, all within a walkable district. Current lease terms are $21.00/sq ft for years 1–5 and $23.00/sq ft for years 6–10, producing an average net operating income of approximately $60,016 annually. An ideal, hands-off investment with a long-standing, reliable tenant and strong future income potential. Solid tenant already in place with a long lease, and positive cash flow.
Location
Province AB
Zoning C1
Interior
Heating Central, Forced Air, Natural Gas
Cooling Central Air
Inclusions All attached furniture, window coverings
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Available, Fiber Optics Available, Phone Connected, Sewer Connected, Water Connected
Water Access Desc Public
Roof Type Flat Torch Membrane,Flat,Tar/Gravel
Garage No
Building
Lot Description Back Lane, City Lot, Corner Lot, Level, Paved, Street Lighting
Dwelling Type Office
Foundation Poured Concrete
Sewer Public Sewer
Water Public
Others
Restrictions None Known
Virtual Tour https://unbranded.youriguide.com/5120_50_ave_olds_ab/