This property presents an exceptional investment opportunity with a long-term tenant who has just signed a new 5-year lease. Located at 5016 50 Ave in the heart of Sylvan Lake’s vibrant downtown, this 4,197 sq ft mixed-use commercial space offers prime visibility and high foot traffic, especially during the busy summer season. The property features a welcoming reception area, a spacious sitting room, a private office, a versatile shop space, and a lunchroom. With three bathrooms and four bay doors, it’s perfectly equipped for a wide range of business uses. The tenant has been in place long-term and continues on a escalading Triple Net Lease , offering a solid 8.55% CAP Rate on 5 year average .For environmental disclosure and more information, please contact the listing agent. (id:47421)
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Detailed Information
Listing Contract Date
2024-04-29
Municipal ID
0017078742
Plan
1549AJ
Property Type
Other
Transaction Type
For sale
Zoning Description
RCDC
Building
Constructed Date
1980
Size (Exterior)
4197.04 square feet
Total Finished Area
4197.04 sqft
Type
Commercial Mix
Land
Total Size
Unknown
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