Exceptional Investment Opportunity in Historic Downtown Lacombe! Own a landmark commercial building in one of Central Alberta’s most charming and well-visited historic main streets. Ideally positioned for maximum visibility and strong pedestrian traffic, this property offers incredible potential for investors or owner-operators alike. The main floor provides a versatile commercial space perfect for retail, professional offices, or boutique services, while the upper level features two fully leased suites generating immediate rental income. Significant capital improvements have already been completed, including a full roof replacement where five layers were removed down to the wood and replaced with a high-quality membrane system (approximately $90,000) in 2022 this along with many upgraded windows over the years, this along with a commercial on demand water system make this a building with decades of community presence, now ready for its next chapter. Opportunities like this in downtown Lacombe rarely come to market. (id:51989)
Features of 4929 50 Avenue
- MLS® Number A2293710
- Price $749,911
- Square Footage: 4059 sqft
- Property Type: Commercial Mix
- Community Name: Downtown Lacombe
- Plan Rn1
Buildings
| Constructed Date | 1920 | Size Exterior | 4058.89 Sqft |
| Size Interior | 4059 Sqft | Total Finished Area | 4058.89 Sqft |
| Type | Commercial Mix |
Land
| Acreage | No | Size Total Text | Unknown |
| Zoning Description | C1 |
Agents and Offices
- Jon Nichols
- Joel Nichols
- Office: Cir Realty