102, 5229 50 Avenue, Red Deer, Alberta

$319,900

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About 102, 5229 50 Avenue

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)

Features of 102, 5229 50 Avenue

MLS® # A2189668
Price $319,900
Bathrooms 0.00
Acres 0.00
Year Built 2000
Type Commercial
Sub-Type Office
Status Active

Community Information

Address 102, 5229 50 Avenue
Subdivision Downtown Red Deer
City Red Deer
County Red Deer
Province Alberta
Postal Code T4N 4B4

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Roof Tar/Gravel
Construction Brick, Wood Frame
Foundation Poured Concrete

Additional Information

Date Listed January 23rd, 2025
Days on Market 5
Zoning C1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Advantage

Listing Map