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  • 5056 50 Street, Innisfail, Alberta, T4G 1S7 (114196977)
  • 5056 50 Street, Innisfail, Alberta, T4G 1S7 (114196977)
  • 5056 50 Street, Innisfail, Alberta, T4G 1S7 (114196977)
  • 5056 50 Street, Innisfail, Alberta, T4G 1S7 (114196977)
  • 5056 50 Street, Innisfail, Alberta, T4G 1S7 (114196977)
  • 5056 50 Street, Innisfail, Alberta, T4G 1S7 (114196977)
  • Price 410,000
  • Office For Sale
  • MLS A2330005
  • 2,357
5056 50 Street
Innisfail, Alberta T4G 1S7
Description

Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates.

Details
  • TypeCommercial
  • TransactionFor Sale
  • NeighbourhoodDowntown Innisfail
  • Commercial TypeOffice
  • Building Size2,357 sqft
  • InclusionsN/A
  • ZoningCB
  • Year Built1967
Listing Agent
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.