• Price 319,900
  • Office For Sale
  • MLS A2189668
  • 2,000
102-5229 50 Avenue
Red Deer, Alberta 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)

  • TypeCommercial
  • TransactionFor Sale
  • NeighbourhoodDowntown Red Deer
  • Commercial TypeOffice
  • Building Size2,000 sqft
  • FoundationPoured Concrete
  • Air ConditioningCentral Air
  • HeatingForced Air, Natural Gas
  • InclusionsN/A
  • ZoningC1
  • Year Built2000
All information displayed is believed to be accurate but is not guaranteed by Central Alberta REALTORS® Association and should be independently verified. No warranties or representations of any kind are made.