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5056 50 Street

Downtown Innisfail, Innisfail, AB, T4G1S7

Listed by Century 21 Maximum

$410,000

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  • 2357 sq ft

Listed 97 days ago · MLS® A2330005

About this home

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:66966)

Details

Type
Office
Size
2357 sq ft
Property tax
$467 (2026)
Neighbourhood
Downtown Innisfail
Municipality
Innisfail

Interior

Fireplace
No

Building and exterior

Year built
1967
Building area
2,357 square feet

Location

Location is approximate. See nearby homes on the map

Listed by Century 21 Maximum.

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