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5020 50 St 5,703 SF 100% Leased Retail Building Sylvan Lake, AB T4P 1P9 $482,775 USD ($84.65 USD/SF)
Investment Highlights
- Close proximity to both residential neighborhoods and Lakeshore Drive.
- Frontage on 50 Street & 50A Avenue.
Executive Summary
Excellent investment opportunity! This 5,703 SF building, located in the heart of Downtown Sylvan Lake, is available for sale. The building, with frontage on both 50 Street and 50A Avenue, has three commercial retail units with long-term tenants in place. The property is in close proximity to residential neighborhoods and within walking distance of busy Lakeshore Drive. There is plenty of parking behind the building for staff of the tenants and ample street parking available directly in front.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,703 SF
Building Class
C
Year Built
1959
Price
$482,775 USD
Price Per SF
$84.65 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.94
Lot Size
0.14 AC
Zoning
W-DC - Waterfront Direct Control
Moderately walkable
60/100
Exceptionally drivable
90/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 33
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5020 50 St
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