$499,000
5137 51 AV Drayton Valley, AB T7A 1J7
35
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$499,000
Est. payment /mo
4,176 SqFt
Active
5137 51 AV Drayton Valley, AB T7A 1J7
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
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