50
See all 50 photos
$650,000
Est. payment /mo
New
5002 50 ST Stettler, AB T4K 1K9
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Downtown West
MLS® Listing ID A2244776
Year Built 1967
Property Sub-Type Business
Property Description
Located at the high-visibility corner of 50th Avenue and 50th Street—Stettler's Main Street—this 6,340 sq. ft. commercial building offers an outstanding investment opportunity. The property is fully rented and demised into 8 individual tenant spaces, providing diverse income streams and reduced vacancy risk. With a current Net Operating Income of $50,782, this property boasts a strong 7.8% cap rate, making it an attractive option for investors seeking reliable cash flow in a growing community. The building has recently received a facelift, giving it an attractive and refreshed exterior that enhances curb appeal and draws positive attention from both tenants and visitors. In addition to the main and upper level tenant spaces, the basement includes two bathrooms and ample storage, offering added functionality and support for tenant operations. Stettler's Main Street is a thriving hub of activity, lined with cafés, retail shops, and professional offices, contributing to consistent foot traffic and long-term tenant appeal. This central location supports strong local business and makes this property a smart, income-generating asset in one of central Alberta's key service centers.
Location
Province AB
County Stettler No. 6, County Of
Zoning C1
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Tax ID 56616280
Listed by RE/MAX 1st Choice Realty