35
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$399,000
Est. payment /mo
Active
5137 51 AV Drayton Valley, AB T7A 1J7
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID E4369083
Year Built 1961
Property Description
This property is in the downtown core with great exposure & lots of public parking to the west of the building as well as street parking. Currently there are 4 tenants and room for more. There is a general assessment for 2022. Current rent is $48,240.00 per year. The front end used to have a restaurant which would increase the rent substantially. Expenses run around $18,000 annually which includes the insurance, taxes, utilities, maintenance & snow removal. The owner is currently paying these expenses. A party wall agreement is in process of being completed. The roof is torch on, the 2 furnaces are set up with air conditioning. Recently the furnaced were serviced professionally. There are 3 hot water tanks in the building. One is due to be replaced. There are 2 common area bathrooms. In 1990 the windows and framing were renovated. Gas meters were switched to one bill to save on costs & could be reversed. There are no leases or damage deposits with the tenants.
Location
Province AB
Zoning Zone 90
Interior
Flooring Carpet, Laminate
Others
Tax ID 0012308391
Copyright 2024 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Heather D Malin • RE/MAX Vision Realty
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