5016 50 Avenue, Sylvan Lake, Alberta

$579,900

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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
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
Subdivision Downtown
City Sylvan Lake
County Red Deer County
Province Alberta
Postal Code T4S1P4

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed April 29th, 2024
Days on Market 192
Zoning RCDC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty

Listing Map