$849,900
5121 50 AV Cold Lake, AB T9M 1P4
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$849,900
Est. payment /mo
4,655 SqFt
Key Details
Property Type Commercial
Sub Type Office,Retail
Listing Status Active
Purchase Type for sale
Square Footage 4,655 sqft
Price per Sqft $182
MLS® Listing ID E4376481
Year Built 1980
Property Description
This building is right on main street and has Panago Pizza as a long term tenant. The other side of the building is available and marketed for lease, with multiple office possibilities or potential retail sales, with plenty of street traffic. The available space for lease is over 4600 sqft., marketed at $14.00/sqft. and $3.00/sqft. common, and includes numerous office spaces, washrooms, staff rooms, conference/meeting rooms, plenty of storage, and can be built to suite for tenants, depending on the term of the lease. With the vacant offices rented, not including the Panago revenue, this property would generate an additional $78,000/year. This property has high revenue potential with the right tenants and already has a stable long term tenant to add appreciation to the property. This could be a very lucrative long term investment for the right buyer.
Location
Province AB
Community Cold Lake South
Area Cold Lake
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Copyright 2024 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Kelly Baker • RE/MAX Platinum Realty
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Alexander Lobkov
REALTOR® | License ID: Residential
REALTOR® License ID: Residential