5056 50 Street, Innisfail, Alberta

About 5056 50 Street

Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates. (id:6289)

More Info on this Downtown Innisfail Offices MLS® listing

5056 50 Street is an offices listing for sale in Innisfail. The MLS® number is A2330005. It was built in 1967 and covers 2,357 square feet. It's currently listed for $410,000. For more details on MLS® A2330005, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This offices listing in Downtown Innisfail is available now!

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