Space
Finished area and layout
- Building Area
- 2,703 sqft
- Above Grade
- 2,703 sqft
- Finished Breakdown
- Above 2,703 sqft
+36 more
2,703 sqft
Building Area
1977
Year Built
Property Snapshot
Key details for this listing
MLS #A2349806
Property
Type, style and structure
- Type
- commercial
- Style
- business / Business
- Year Built
- 1977
About This Property
This business in Olds offers 2,703 sqft of building area. Built in 1977. The home features forced air, natural gas, central heating heating, central air conditioning.
MLS Remarks
**JUST REDUCED**Here’s your chance to own a fully leased, non condo commercial property right in the vibrant core of Uptown Olds. Spanning 2703 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 three forced-air furnaces and central air conditioning that have been regularly maintained.Built 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 average of approximately $60,016 annually. An ideal, hands-off investment with a long-standing, reliable tenant and strong future income potential. Solid tenant already in place with a long lease, and positive cash flow. (id:60351)
Full Listing Details
Address5120 50 Avenue
MLS#A2349806
Listing StatusActive
Property TypeCommercial
Sub-TypeBusiness
TransactionSale
Days on Market20
Annual Tax$4,037 (2024)
Structure TypeOffices
StyleBusiness
Year Built1977
Living Area2,703 sqft
Above Grade Area2,703 sqft
CityOlds
ProvinceAlberta
Postal CodeT4H1A5
Lot FeaturesBack lane, Level
Road SurfacePaved road
Zoning DetailsC1
HeatingForced air, Natural gas, Central heating
CoolingCentral air conditioning
FoundationPoured Concrete
ExteriorBrick
UtilitiesWater, Sewer, Natural Gas, Electricity, Cable, Telephone
SewerMunicipal sewage system
Water SourceMunicipal water
Electric100 Amp Service
Annual Tax$4,037 (2024)
Business TypeOther, Personal Services
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