4806 51 Avenue, Red Deer

Mixed Use for Sale

4806 51 Avenue, Red Deer, MLS® # A2182031
  • MLS®#: A2182031
  • Price: $1,350,000
  • Status: Active
  • Year Built: 1980
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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 Ryan & Dennis Shandruk About MLS® A2182031

Required Field

Ryan & Dennis Shandruk, 403-830-3690 at RE/MAX REALTY PROFESSIONALS, #10, 6020 - 1A STREET S.W., Calgary, Alberta, T2H 0G3

property information

  • Property Type: Mixed Use
  • MLS®#: A2182031
  • Year Built: 1980
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Community Information

  • Address: 4806 51 Avenue
  • Neighbourhood: Downtown Red Deer
  • City: Red Deer
  • Postal Code: T4N 4H3
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interior

  • Included: N/A
  • Fireplace Details: For Sale
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$1,350,000

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Listing Courtesy of
Royal LePage Solutions
Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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