MLS® 43688954 · Active
5516 53 Avenue
Drayton Valley, Alberta
$359,900
Source-listed price. Confirm sale or lease terms and availability.
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Property details
- MLS®
- 43688954
- Status
- Active
- Property type
- Industrial
- City
- Drayton Valley
- Year built
- 1978
- Living area
- 4800 square feet
- Listing brokerage
- Century 21 Hi-Point Realty Ltd
About this property
Excellent investment opportunity with this 4,800 sq ft concrete block commercial building, ideally located just off 50th Avenue and only two blocks from the Highway 22 junction. The property is fully tenanted, generating a net income of approximately $36,735/year. The front unit features a professional layout with a reception area, lounge, showroom, two large offices, a 3-piece bathroom, a spacious shop with two 16’ overhead doors, and an upper mezzanine that’s approximately the size of half the unit’s square footage. The rear unit includes two large shop bays, each with a 16’ overhead door. Both tenants pay $2,100/month plus half the utilities. The building offers solid construction, excellent access, and flexible space suitable for a range of commercial uses. A great turnkey opportunity for investors seeking steady cash flow in a high-visibility, easily accessible location.Other Property Types: IndustrialOwnership Interest: PrivateTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Wayne MacKinnonAppointment Phone: 780-621-2121Paragon Listing ID: E4450639 (id:65883)
Location
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Listing information provided through CREA DDF®. Listing courtesy of Century 21 Hi-Point Realty Ltd. Source attribution · REALTOR.ca
Details, measurements, price and availability may change and require verification. MLS® and REALTOR® are trademarks of the Canadian Real Estate Association.