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Listed by Kelly Baker • RE/MAX Platinum Realty
$ 849,900
Active
5121 50 AV Cold Lake, AB T9M 1P4
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
MLS® Listing ID E4443388
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 also partially rented out, although the back area 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 about 2000 sqft., marketed at $14.00/sqft. and $3.00/sqft. common, and includes office spaces, washroom, staff room, 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
Zoning Zone 60
Others
Tax ID 0024898744
Ownership Private
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