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4904/4908 50 ST Camrose, AB T4V 1R1
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Key Details
Sold Price $767,500
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown Camrose
MLS® Listing ID A2104471
Sold Date 03/22/24
Originating Board Central Alberta
Year Built 1947
Annual Tax Amount $7,914
Tax Year 2022
Lot Size 6,000 Sqft
Acres 0.14
Property Description
Prime Downtown Camrose, Fully Leased, Investment Opportunity! Extensive renovations, long term leases and hi-profile location on the busiest corner in Downtown Camrose make this the perfect opportunity for a savvy investor. The main floor is designed for commercial/retail use, split to 2 bays (potential for a 3rd), both leased by long term successful tenants (Salon & Hobby Store). The basement, also fully leased, has additional bays, leased currently to a Taekwon Do/fitness studio and a Cellular Repair store. Upstairs, 2 recently renovated apartment suites, also both currently leased, ensure that this building will always generate a strong return on investment. With upgraded building interior and exterior, newer heating/cooling units, electrical and roof, there is little to do but assume the revenue and management of the building. Look for the impressive art mural on the side of the building as you walk or drive through downtown, you won't miss it!
Location
Province AB
County Camrose
Zoning C1
Others
Restrictions None Known
Tax ID 83619002
Ownership Private
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