Property Details
5056 50 Street
Innisfail (A2330005)
Description
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.
Property details
- MLS® #
- A2330005
- Property Type:
- Commercial
- Subtype:
- Office
- Subdivision:
- Downtown Innisfail
- Price
- $410,000
- Sale/Lease:
- For Sale
- Size:
- 2,357 sq.ft.
- Year Built:
- 1967 (59 years old)
- Structure Type:
- Low Rise (2-4 stories)
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- N/A
- Lot Size:
- 0 acres
- Zoning:
- CB
- Possession:
- Immediate
- Days on Market:
- 17
Basic Info
Building Info
Lot / Land Info
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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