170, 5002 55 Street, Red Deer

$1,190,000


Situated on GAETZ AVE South, The Elements at Rivers Edge! Unit #170, this professional condo-office space, superb visibility and fully tenanted. Strong tenant with a solid triple net lease in place, this elegantly finished office spaces boasts 3,250 sq ft ($369.00/PSF) currently set up as 10 individual office spaces, along with 2 baths. Featuring 8 titled parking spots, two of which are underground/ heated. Secured access doors, strong neighbouring professionals such as insurance, dental, healthcare, legal and more. Thinking of owning and operating?? Work and live in the same building! A part of Red Deer's most exclusive condominium living development available with residential condos ranging from $500k to $2Mill with spectacular views and amenities. As an investment, this is an excellent income generator property for those looking for commercial income property, bringing in just over $94,000/ year in gross income (base + NNN included) Condo fees are $1,304.32/month Visit realtors website today to find out more on this exclusive, fully developed professional office condo today!

Essential Information
MLS® #A1051357
Price$1,190,000
Bathrooms0.00
Acres0.00
Year Built2012
TypeCommercial
Sub-TypeOffice
StatusActive
Community Information
Address170, 5002 55 Street
SubdivisionDowntown Red Deer
CityRed Deer
CountyRed Deer
ProvinceAlberta
Postal CodeT4N 7A4
Amenities
Parking Spaces8
Exterior
FoundationPoured Concrete
Additional Information
Date ListedDecember 1st, 2020
Days on Market28
ZoningDC3
Condo Fee$1,304
Listing Details
OfficeCentury 21 Advantage

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