5027 Industrial RD, Drayton Valley AB T7A1R4 Photo 1

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5027 Industrial RD - 9.4% cap rate in the heart of Drayton Valley's Central Business District. This well operated 18 unit low rise was converted from a multi unit retail building. The half acre lot is zoned C-1 providing land for pedestrian-oriented commercial land uses in the downtown core. Renovations include new roof, fire system and upgrades to common areas and units. Good tenant profile on fixed term leases with security deposits in place. The property manager is local and hands on allowing owner to live out of town. Tremendous opportunity to enter the investment market, redevelop or keep this historically solid investment as is. Vendor may carry.

Property Details

  • ID: E4041313
  • Storeys: 0
  • Style: Other
  • New Construction: No
  • Status: Active
  • County: Canada

Features

Other Fireplace Present - False
Transaction Type For sale
Listed By Re/Max Excellence