$ 499,000
5137 51 AV Drayton Valley, AB T7A 1J7
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$ 499,000
Est. payment | /mo
4,176 SqFt
$ 499,000
Est. payment | /mo
4,176 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type for sale
Square Footage 4,176 sqft
Price per Sqft $119
MLS® Listing ID E4369083
Year Built 1961
Property Description
This property is in the downtown core with great exposure & lots of public parking to the west of the building as well as street parking. Currently there are 4 tenants and room for more. There is a general assessment for 2022. Current rent is $48,240.00 per year. The front end used to have a restaurant which would increase the rent substantially. Expenses run around $18,000 annually which includes the insurance, taxes, utilities, maintenance & snow removal. The owner is currently paying these expenses. A party wall agreement is in process of being completed. The roof is torch on, the 2 furnaces are set up with air conditioning. Recently the furnaced were serviced professionally. There are 3 hot water tanks in the building. One is due to be replaced. There are 2 common area bathrooms. In 1990 the windows and framing were renovated. Gas meters were switched to one bill to save on costs & could be reversed. There are no leases or damage deposits with the tenants.
Location
Province AB
Community Drayton Valley
Area Brazeau
Copyright 2024 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Heather Malin • RE/MAX Vision Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "