5116 50 Street, Provost - Other for Sale
5116 50 Street, Provost, Alberta, T0B3S0
ft²
$89,000
Provost
5116 50 Street, Provost, Alberta, T0B3S0
$89,000
Provost
This other in Provost is for sale offering roughly 1,908 sq ft of space. It has been on the market 128 days, fresher than the Provost average of 243 days.
Mixed-Use Commercial Property in Provost, AlbertaThis older mixed-use commercial property offers a combination of retail, office, and residential space, with some renovations completed over the years.The front area is currently set up as a salon/barber shop or retail space, providing a functional commercial footprint for a small business or service-based tenant.The middle section of the building includes 3 private offices, a sitting area, and a washroom. Two of the offices are currently vacant, which may provide an opportunity for additional rental income if leased.At the rear of the building is a 1-bedroom, 1-bath residential suite with a kitchen, living room, and front/rear access. The suite adds another potential income source or flexible-use area within the property.Updates include a new roof in 2020, flooring updates in 2017, and kitchen and bathroom renovations in the residential suite completed around 2014/2015.Financial Performance — January 1 to June 30, 2026Based on the information provided, the property has generated the following year-to-date numbers:Gross rental income, 6 months: $8,340.00Operating expenses, taxes and utilities: $3,986.07Net operating income, 6 months: $4,353.93Annualized projected NOI: $8,707.86Located in Provost, Alberta, this property may be suitable for a buyer looking for an older mixed-use building with existing rental income, completed updates, and the potential to improve revenue through vacant office lease-up. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 128 days on market, against an average age of 243 days across the listings currently for sale in this city
This other in Provost has been listed for 128 days, which is 115 days fresher than the city average of 243. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
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