33
$579,900 Sale
Listed 521 days ago
5016 50 Avenue
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Key Facts
Key facts for 5016 50 Avenue
Property Type
Other
Parking
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MLS #
A2125902
Size
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Basement
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Listed on
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Lot size
-
Days on Market
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Year Built
1980
Maintenance Fee
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Description
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 du...ring 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.
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Courtesy of: eXp Realty
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