5516 53 Avenue, Drayton Valley, Alberta T7A 1C5

Listed for:
$395,000
0 beds
0 baths
Listed 18 days ago
5516  53 Avenue, Drayton Valley, Alberta T7A 1C5

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Learn more about this property
Listing provided by:
Century 21 Hi-Point Realty Ltd
MLS® number:
43688954
Agent:
Wayne Mackinnon
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About

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:27476)

Property Highlights

MLS® Number
43688954
Type
Industrial
Land Size
0|Unknown

Building

Square Footage
4800 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Location