Address
4000 Landry Avenue Rural Red Deer County, AB
Price
$ 1,590,000
Property Attributes
  • ID#A1077981
  • TypeCommercial
  • CityRural Red Deer County
  • Postal CodeT4S 2B3
  • Style
  • Price$ 1,590,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage21600
  • Lot Size4.09 Acres
Listing Provided Courtesy Of:
Wesley Giesbrecht with Century 21 Advantage
Data Source:
RLP - CREA EN
Property Description

TREMENDOUS HWY 2A EXPOSURE. This 21,600 SQ FT building, demised into 6 units , (5 of which are tenanted) and situated on just over 4 ACRES. Sitting at a 7.2% CAP RATE (w/10% vacancy) and CURRENTLY GENERATING $114,678 in NET RENTAL INCOME ($9,556.50/month). With the potential of another $30,000/year in income. Bay sizes ranging from 30'x80' or 2,400SQ FT (single bays) to 60'x80' or 4,800 SQ FT (double bays) all with 12'x16' OHD. Secured compound on the north side of the building. Most offices are renovated, NEW ROOF IN 2019, office spaces w/ shop with three offices, two baths on both sides, mezzanine open for development for more office space. 80' deep bays with two 12'x16'h doors at the back. Shared yard w/ common access. Newly re-packed, gravelled and graded yard. Operational costs of $3.25/PSF puts the total 2020 operating costs at $69,225.00 Visit REALTORS® website for more details

Exterior Features

Lot Size 178160
Jumpid 14416426

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T4S 2B3

Price
AVG $820K
$1.59M
Visits
AVG 109
186
Year Built
AVG 1984
1980