$319,900 FOR SALE

Office

5229 50 Avenue #102
Red Deer, AB T4N 4B4

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) (id:47423)

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Listed By Century 21 Advantage
Data Provided By Central Alberta REALTORS® Association
MLS® Listing Number A2189668
Last Updated Feb 22, 2025
Property Summary
Property Type Office

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Community Downtown Red Deer
Price History
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Detailed Information
Lease Type Net
Listing Contract Date 2025-01-23
Municipal ID 0030656938
Ownership Type Condominium/Strata
Plan 0425024
Property Type Office
Transaction Type For sale
Zoning Description C1
Building
Constructed Date 2000
Construction Material Wood frame
Cooling Type Central air conditioning
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air
Size (Exterior) 2000 square feet
Total Finished Area 2000 sqft
Type Offices
Land
Total Size Unknown
External Links

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