5056 50 Street, Innisfail, Alberta, T4G1S7
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$410,000
Innisfail
This office property in Innisfail is for sale offering roughly 2,357 sq ft of space. It has been on the market 111 days, fresher than the Innisfail average of 125 days.
Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates. (id:66096)
Long Listed: 111 days on market, against an average age of 125 days across the listings currently for sale in this city
This office in Innisfail has been listed for 111 days, which is 14 days fresher than the city average of 125. Act while there is still low competition.
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