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5016 Victoria AVE Coronation, AB T0C 1C0
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2232461
Annual Tax Amount $2,354
Tax Year 2025
Property Sub-Type Office
Source South Central
Property Description
Excellent Investment Opportunity in Coronation! Versatile commercial office/retail building offers high visibility with a prominent storefront and convenient front parking. Constructed with durable cement block, the property measures 25' x 70' for a total of 1,750 sq ft. Currently tenanted under a Triple Net Lease until 2028, this space has provided consistent rental income over the years. The interior has been updated and includes professional office spaces, a staff room, washroom, and a welcoming front entry. The building is heated with a boiler and radiant heat system. New asphalt shingles installed in June 2024. A solid addition to any commercial portfolio or a smart owner-user opportunity in the future. $17388 in annual net income creates a beautiful 9.15% return.
Location
State AB
County Paintearth No. 18, County Of
Zoning C1
Interior
Inclusions None
Others
Restrictions None Known
Tax ID 56724026
Ownership Private
Listed by Century 21 Masters
