About 5033 52 Street
The Jewel of Lacombe. 19,200 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. 2022 Net income was $181,211.67 with current 0% vacancy shows a CAP Rate of 7.66%
Features of 5033 52 Street
| MLS® # | A2034504 |
|---|---|
| Price | $2,375,000 |
| Sold Price | $2,054,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1977 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Sold |
Community Information
| Address | 5033 52 Street |
|---|---|
| Subdivision | Downtown Lacombe |
| City | Lacombe |
| County | Lacombe |
| Province | Alberta |
| Postal Code | T4L 2A6 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Additional Information
| Date Listed | March 23rd, 2023 |
|---|---|
| Date Sold | November 22nd, 2023 |
| Days on Market | 243 |
| Zoning | C1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | Royal LePage Lifestyles Realty |
|---|