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Home AB Red Deer Downtown
102, 5229 50 Avenue
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102, 5229 50 Avenue $319,900
$319,900
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102, 5229 50 Avenue
Red Deer, Alberta T4N4B4

MLS® Number: A2189668

Listing Description

Attractive 9.4% CAP RATE Return on this C1-zoned ,Class A PROFESSIONAL OFFICE SPACE W/ optional 15-PARKING STALL separate lot (individually titled) ! This 2,000 SQ FT +/- , First-Class, END-CAP UNIT Office space, located right on GAETZ AVE SOUTH! Main-level GAETZ AVE FRONTAGE, featuring 7 generous offices, front reception w/ built in desk, 2 baths, a big boardroom w/ kitchenette, a server/ storage room as well as 6 common parking spots out front. Low condo fee's of $367.88/month. (2024) Need more parking? OPTION TO BUY THE ADDITIONAL 25'x125' gravelled parking lot (4927-53 street) which has 15 stalls (can be rented @ $60.00/month/stall) Listed at $149,900.00. Sold together ($469,800.00)or separate. Superb location with HIGH VISIBILITY and a traffic count, well over 7,000 cars/day. Visit REALTORS® website for more detailed information. Tenant pays $3,286.68/month ($15.00/PSF ($2,500/month), plus $4.72/PSF NNN costs ($786.68) (30027729)

Property Summary

Property Type
Office
Building Type
Offices
Community Name
Downtown Red Deer
Subdivision Name
Downtown Red Deer
Title
Condominium/Strata
Land Size
Unknown
Built in
2000
Annual Property Taxes
$5,387
Time on REALTOR.ca
67 days

Building

Building Features
Foundation Type
Poured Concrete
Construction Material
Wood frame
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, (Natural gas)
Exterior Features
Exterior Finish
Brick

Measurements

Square Footage
2000 sqft
Total Finished Area
2000 sqft
Exterior Building Size
2000 sqft

Land

Other Property Information
Zoning Description
C1
Lease Type
Net
Data provided by: Pillar 9™
Wesley Giesbrecht