5016 50 Avenue , Sylvan Lake, AB T4S1P4
Sylvan Lake, AB T4S1P4
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 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.
Details
| Mls | A2125902 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 222 |
| Listing Provided By | eXp Realty | Kevin Lapp |
Features
| Sq Feet | 4,197 |
|---|---|
| Zoning | RCDC |
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Learn More About This Property
| State | AB |
|---|---|
| County | Red Deer County |
| City | Sylvan Lake |
| Zip Code | T4S1P4 |
| Area | Red Deer County |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $579,900 low | high Med: $179,500 SqFt: 4,197 low | high Med: 3,058 $ / SqFt: $138 low | high Med: $98 On Site: 222 low | high Med: 80.000000 | |