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:51989)
Features of 5516 53 Avenue
- MLS® Number 43688954
- Price $359,900
- Square Footage: 4800 sqft
Buildings
| Constructed Date | 1978 | Size Interior | 4800 Sqft |
Land
| Acreage | No | Size Total | 0|unknown |
| Size Total Text | 0|unknown |
Agents and Offices
- Wayne MacKinnon
- Office: Century 21 Hi-Point Realty Ltd