5033 52 Street, Lacombe, Alberta

$2,600,000

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About 5033 52 Street

The Jewel of Lacombe. 19,250 square feet over 3 floors. Fully occupied commercial building showing impressive returns. Building has had major renovations and updates over the last few years. Nothing left to do. Long term major anchor tenants in place. Located in the heart of downtown Lacombe close to all amenities and has parking galore. Substantially renovated building priced at half of what building new would cost. Includes separately titled parking lot which could be sold if you choose to. Vendor will give preference to a share sale as opposed to asset sale. Share sale would benefit buyer as a turn key operation with no need to change any tenant leases or service provider contracts. As of Jan 2023 85% of tenants will be on long term leases. As of Jan. 2023 Net income should be $180,000 Greg Pallister is a co-listing associate and can be contacted at 403-396-0357

Features of 5033 52 Street

MLS® # A1193290
Price $2,600,000
Bathrooms 0.00
Acres 0.00
Year Built 1977
Type Commercial
Sub-Type Mixed Use
Status Active

Community Information

Address 5033 52 Street
Subdivision Downtown Lacombe
City Lacombe
County Lacombe
Province Alberta
Postal Code T4L 2A6

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed March 17th, 2022
Days on Market 325
Zoning C1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRoyal LePage Lifestyles Realty

Listing Map

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