Excellent investment opportunity featuring a well-maintained 6,300 sq. ft. commercial building with strong street exposure and dual access from two streets, including ample on-site parking. The property currently generates stable income with three existing tenants in place and offers immediate upside through the lease-up of two vacant office spaces. With a current cap rate of approximately 6.7%, investors have the opportunity to further increase returns by filling the remaining vacancies and optimizing rental income. The building is in good condition, minimizing near-term capital expenditures, and its prominent frontage and accessibility make it an attractive location for current and future tenants. A solid asset with both dependable cash flow and value-add potential. (id:51989)
Features of 5219 49 Avenue
- MLS® Number A2318328
- Price $799,000
- Square Footage: 6321 sqft
- Property Type: Offices
- Plan 1712398
Buildings
| Constructed Date | 1963 | Size Exterior | 6321 Sqft |
| Size Interior | 6321 Sqft | Total Finished Area | 6321 Sqft |
| Type | Offices |
Land
| Acreage | No | Size Total Text | Unknown |
| Zoning Description | Dt |
Agents and Offices
- Neil Friesen
- WAEL DLEIKAN
- Office: Real Broker