About 4904/08 50 Street
Prime Downtown Camrose, Fully Leased, Investment Opportunity! Extensive renovations, long term leases and hi-profile location on the busiest corner in Downtown Camrose make this the perfect opportunity for a savvy investor. The main floor is designed for commercial/retail use, split to 2 bays (potential for a 3rd), both leased by long term successful tenants (Salon & Hobby Store). The basement, also fully leased, has additional bays, leased currently to a Taekwon Do/fitness studio and a Cellular Repair store. Upstairs, 2 recently renovated apartment suites, also both currently leased, ensure that this building will always generate a strong return on investment. With upgraded building interior and exterior, newer heating/cooling units, electrical and roof, there is little to do but assume the revenue and management of the building. Look for the impressive art mural on the side of the building as you walk or drive through downtown, you won't miss it!
Features of 4904/08 50 Street
| MLS® # | A2041325 |
|---|---|
| Price | $829,000 |
| Bathrooms | 0.00 |
| Acres | 0.14 |
| Year Built | 1947 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 4904/08 50 Street |
|---|---|
| Subdivision | Downtown Camrose |
| City | Camrose |
| County | Camrose |
| Province | Alberta |
| Postal Code | T4V 1R1 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Construction | Stucco |
|---|
Additional Information
| Date Listed | April 25th, 2023 |
|---|---|
| Days on Market | 151 |
| Zoning | C1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Real Estate (Edmonton) Ltd. |
|---|