Property Details

5120 50 Avenue
Olds (A2242696)

$899,900
2,537 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Here’s your chance to own a fully leased, stand-alone commercial property right in the vibrant core of Uptown Olds. Spanning 2,537 sq ft, this solid masonry building has been home to a trusted physiotherapy clinic for over two decades. The tenant recently committed to a brand-new 10-year Triple Net lease—complete with a rent increase at the halfway mark—meaning they cover all operating costs, including taxes, insurance, and maintenance. For you, that translates into a dependable, low-maintenance income stream. Inside, the space is bright, welcoming, and impressively well-kept. The layout includes five private treatment rooms, a large open exercise area with two additional treatment spaces, a professional reception and waiting area, an office, file storage, two washrooms (one with a shower), and a laundry room. Comfort is ensured with two newer forced-air furnaces and central air conditioning. Built in 1977 on a slab-on-grade foundation, the property benefits from excellent natural light thanks to its east-facing front and sunny south exposure. The location offers great visibility and is surrounded by other professional services, all within a walkable district. Current lease terms are $21.00/sq ft for years 1–5 and $23.00/sq ft for years 6–10, producing an average net operating income of approximately $60,016 annually. An ideal, hands-off investment with a long-standing, reliable tenant and strong future income potential.

Property details

Basic Info

MLS® #
A2242696
Property Type:
Commercial
Subtype:
Office
Subdivision:
NONE
Price
$899,900
Sale/Lease:
For Sale
Size:
2,537 sq.ft.
Year Built:
1977 (48 years old)

Building Info

Structure Type:
Office
Garage:
No
Fence:
Basement:
No
Inclusions:
All attached furniture, window coverings

Lot / Land Info

Lot Features:
Back Lane, City Lot, Corner Lot, Level, Paved, Street Lighting
Water:
Public
Sewer:
Public Sewer
Utilities:
Cable Connected, Electricity Connected, Natural Gas Available, Fiber Optics Available, Phone Connected, Sewer Connected, Water Connected
Zoning:
C1

Materials & Systems

Roof:
Flat Torch Membrane, Flat, Tar/Gravel
Exterior:
Brick,Masonite
Foundation:
Poured Concrete
Heating:
Central, Forced Air, Natural Gas
Cooling:
Central Air

Listing Info

Possession:
Immediate,Negotiable
Days on Market:
6
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Your Agent
  • Daniel Cram

    Sutton Group Grande Prairie
    780-814-9482

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