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$ 579,900
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Active
5016 50 Avenue Sylvan Lake, AB T4S1P4
4,197 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,197 sqft
Price per Sqft $138
Subdivision Downtown
MLS® Listing ID A2125902
Originating Board Central Alberta REALTORS® Association
Year Built 1980
Property 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. (id:24570)
Location
State AB
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by eXp Realty