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5229 50 AVE #102 Red Deer, AB T4N 4B4
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Key Details
Sold Price $290,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown Red Deer
MLS® Listing ID A2259933
Sold Date 01/14/26
Year Built 2000
Annual Tax Amount $5,387
Tax Year 2024
Property Sub-Type Office
Source Central Alberta
Property Description
Attractive 10% CAP RATE Return on this C1-zoned ,Class A PROFESSIONAL OFFICE SPACE W/ optional 13-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 $129,900.00. Sold together ($429,800.00)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 currently pays $3,286.68/month ($15.00/PSF ($2,500/month), plus $4.72/PSF NNN costs ($786.68)
Location
Province AB
County Red Deer
Zoning C1
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Roof Type Tar/Gravel
Building
Foundation Poured Concrete
Structure Type Brick,Wood Frame
Others
Restrictions None Known
Tax ID 102736074
Ownership Private
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