5
$410,000 Sale
Listed 88 days ago
5056 50 Street
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Key Facts
Key facts for 5056 50 Street
Property Type
Commercial
Parking
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MLS #
A2330005
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
1967
Maintenance Fee
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Description
Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year... (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates.
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Courtesy of: Century 21 Maximum
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