$1,100,000

Commercial For Sale In Railyards, Red Deer, Alberta

$1,100,000

Property Information:

BUILDING ONLY FOR SALE ONLY. Featuring just over 5,600 sq ft, this multi-purpose, stand alone building on it's own lot is ideally located right West of the downtown Superstore. Strong three-year NNN lease renewal just resigned with same strong tenant for the past 10+years. building produces around an 8% cap rate on a solid 3 year average, based on asking price. Cinder block building on slab. Future opportunity exists to split building into two if desired (previous rear 4000 sq ft section was a mechanic shop and the front 1,600 was a retail space) regular maintenance & improvements to roof, HVAC, Windows, LED Lighting and exterior facade, have all been completed in the last several years. Good investment, strong return, great location. Please do not approach business/ workers regarding the building sale.

Inclusions: N/A

Property Features:

  • Built in: 1964
  • Construction Materials: Brick
  • Cooling: Central Air
  • Floor Space (approx): 5607.00 Square Feet
  • Foundation Details: Slab
  • Heating: Central, Forced Air, Natural Gas
  • Lot Size: 13068.00 Square Feet
  • Roof: Membrane
  • Zoning: DC(28)

Courtesy of: Century 21 Advantage

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved