Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates. (id:51989)
Features of 5056 50 Street
- MLS® Number A2330005
- Price $410,000
- Square Footage: 2357 sqft
- Property Type: Offices
- Community Name: Downtown Innisfail
- Plan 3143et
Buildings
| Constructed Date | 1967 | Size Exterior | 2357 Sqft |
| Size Interior | 2357 Sqft | Total Finished Area | 2357 Sqft |
| Type | Offices |
Land
| Acreage | No | Size Irregular | 2649.00 |
| Size Total | 2649 Sqft|0-4,050 Sqft | Size Total Text | 2649 Sqft|0-4,050 Sqft |
| Zoning Description | Cb |
Agents and Offices
- Darren Saxby
- Office: Century 21 Maximum