780-832-5880

5016 Victoria Avenue
Coronation (A2232461)

$190,000
1,750 ft²
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* Amounts are estimates only. Final payment amounts may vary.

Description

Excellent Investment Opportunity in Coronation! Versatile commercial office/retail building offers high visibility with a prominent storefront and convenient front parking. Constructed with durable cement block, the property measures 25’ x 70’ for a total of 1,750 sq ft. Currently tenanted under a Triple Net Lease until 2028, this space has provided consistent rental income over the years. The interior has been updated and includes professional office spaces, a staff room, washroom, and a welcoming front entry. The building is heated with a boiler and radiant heat system. New asphalt shingles installed in June 2024. A solid addition to any commercial portfolio or a smart owner-user opportunity in the future. $17388 in annual net income creates a beautiful 9.15% return.

Property details

Basic Info

MLS® #
A2232461
Property Type:
Commercial
Subtype:
Office
Subdivision:
NONE
Price
$190,000
Sale/Lease:
For Sale
Size:
1,750 sq.ft.
Year Built:
1000 (1026 years old)

Building Info

Structure Type:
Retail
Garage:
No
Fence:
Basement:
No
Inclusions:
None

Lot / Land Info

Zoning:
C1

Listing Info

Possession:
Negotiable
Days on Market:
1
Your Realtor
  • Cord Spero

    RE/MAX Grande Prairie
    780-832-5880

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