Part of a multi-tenant building in Northlands Industrial park. Main floor front area has large storage area with windows and a washroom. Currently the mezzanine in the shop is wide open but can be framed in for 2 rooms. The shop has a separate washroom, infrared heating, florescent lighting, sump and 12’x14’ overhead door with Lexan panels. The shop has an approximate 19’ ceiling height. with a shared graveled rear yard. Estimated NNN is $3.40/sq.ft. This property now has a 5 year escalating lease in place.
Essential information
MLS® number
A2295144
Status
Active
Price
$395,000
Lease rate
$1,810 Monthly
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
Condo/Strata Approval
Building area
2,715 sq ft
Year built
2007
Structure
Industrial
Listing brokerage
Royal LePage Lifestyles Realty
Source
Pillar 9™ MLS® System
Interior
Included
Garage door opener, overhead heat, hot water tank
Exterior and construction
Zoning
I-1
Community
Subdivision
RRNI
City
Red Deer
Province
AB
Postal code
T4P2B3
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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35 photos$389,9005101 50 Avenue, Red Deer
