2002 20 Avenue, Red Deer County, Alberta T0M 0K0

$649,900

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$649,900
Status
ACTIVE
MLS® #
A2323698
Days on Market
38
Year Built
1964
Area
Bowden

Property Description

Excellent investment opportunity to own a commercial strip mall in Bowden, Alberta. This well-maintained commercial building features five individual units, each equipped with its own private washroom and separately metered utilities, offering ease of management and strong tenant appeal. The property is currently leased, providing immediate rental income. Investors have the opportunity to increase cash flow and enhance value through tenant placement and future rent growth. Benefiting from excellent visibility, easy access, and ample street parking for both tenants and customers, this property is strategically positioned in a convenient and accessible location. Whether you're looking for a stable income-producing asset or a value-add investment opportunity, this commercial property offers strong potential in the growing community of Bowden.

Additional Information

Acres
0.20

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of RE/MAX House of Real Estate.

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: .