5016 50 Avenue, Sylvan Lake
- Living area: 4197.04 square feet
- Type: Commercial
- Added: 209 days ago
- Updated: 30 days ago
- Last Checked: 19 hours ago
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:1945)
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Nearby Listings Stat
Active listings
72
Min Price
$119,000
Max Price
$8,360,000
Avg Price
$853,317
Days on Market
84 days
Sold listings
31
Min Sold Price
$148,900
Max Sold Price
$4,200,000
Avg Sold Price
$551,035
Days until Sold
105 days
