
Courtesy of: Neil Friesen, Associate, REAL BROKER
$799,000
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6,321 square feet
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|
Office
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$799,000
5219 49 Avenue Excellent investment opportunity featuring a well-maintained 6, 300 sq. ft. commercial building with strong street exposure and dual access from two streets, including ample on-site parking. The property currently generates stable income with three existing tenants in place and offers immediate upside through the lease-up of two vacant office spaces. With a current cap rate of approximately 6.7%, investors have the opportunity to further increase returns by filling the remaining vacancies and optimizing rental income. The building is in good condition, minimizing near-term capital expenditures, and its prominent frontage and accessibility make it an attractive location for current and future tenants. A solid asset with both dependable cash flow and value-add potential. (id:203)