4806 51 Avenue, Red Deer
Mixed Use for Sale
- MLS®#: A2182031
- Price: $1,350,000
- Status: Active
- Year Built: 1980
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.
Contact Laura Ipsum About MLS® A2182031
Laura Ipsum, 7804256270 at Redman Office Realty, 10172 108 Street, Edmonton, Alberta, T5J 1L3
property information
- Property Type: Mixed Use
- MLS®#: A2182031
- Year Built: 1980
Community Information
- Address: 4806 51 Avenue
- Neighbourhood: Downtown Red Deer
- City: Red Deer
- Postal Code: T4N 4H3
interior
- Included: N/A
- Fireplace Details: For Sale
Registration Benefits
By Creating an Account You'll Access:
- More Red Deer Listings Browse through every listing in the MLS® System and do as many different searches as you like!
- Days on Website & Financial Info See protected details including Days on Website, Taxes, Condo Fees, Possession Dates, and more!
- Save Your Favorites Star favorite listings, add personal notes, and save custom searches you use frequently!
- Real Time Email Notifications Opt in to receive emails when new properties are listed that match your saved searches!
Royal LePage Solutions