About 5016 50 Avenue
This property presents an exceptional investment opportunity with a long-term tenant who has just signed a new 5-year lease. Located at 5016 50 Ave in the heart of Sylvan Lake’s vibrant downtown, this 4,197 sq ft mixed-use commercial space offers prime visibility and high foot traffic, especially during the busy summer season. The property features a welcoming reception area, a spacious sitting room, a private office, a versatile shop space, and a lunchroom. With three bathrooms and four bay doors, it’s perfectly equipped for a wide range of business uses. The tenant has been in place long-term and continues on a escalading Triple Net Lease , offering a solid 8.55% CAP Rate on 5 year average .For environmental disclosure and more information, please contact the listing agent.
Features of 5016 50 Avenue
MLS® # | A2125902 |
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Price | $579,900 |
Bathrooms | 0.00 |
Acres | 0.00 |
Year Built | 1980 |
Type | Commercial |
Sub-Type | Mixed Use |
Status | Active |
Community Information
Address | 5016 50 Avenue |
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Subdivision | Downtown |
City | Sylvan Lake |
County | Red Deer County |
Province | Alberta |
Postal Code | T4S1P4 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Fireplace | No |
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Has Basement | No |
Additional Information
Date Listed | April 29th, 2024 |
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Days on Market | 199 |
Zoning | RCDC |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | eXp Realty |
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