Camrose, AB T4V 1R1,4904/4908 50 ST
Camrose, AB T4V 1R1,4904/4908 50 ST
Camrose, AB T4V 1R1,4904/4908 50 ST
24
$767,500
$829,000
7.4%
Est.Price: ?

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6,000 Sqft Lot

4904/4908 50 ST Camrose, AB T4V 1R1

Est. payment /mo
SOLD DATE : 03/22/2024

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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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Listed by RE/MAX Real Estate (Edmonton) Ltd.

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agent

Sherry Heitzer

Agent

+1(403) 925-4663

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