Dione Irwin
(403) 483-9208
RE/MAX House of Real Estate
403-287-3880
5120 50 Avenue
Olds , Alberta T4H 1A5
Olds , Alberta T4H 1A5
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5120 50 Avenue For Sale
$899,900
Here’s your chance to own a fully leased, stand-alone commercial property right in the vibrant core of Uptown Olds. Spanning 2,537 sq ft, this solid masonry building has been home to a trusted physiotherapy clinic for over two decades. The tenant recently committed to a brand-new 10-year Triple Net lease—complete with a rent increase at the halfway mark—meaning they cover all operating costs, including taxes, insurance, and maintenance. For you, that translates into a dependable, low-maintenance income stream.
Inside, the space is bright, welcoming, and impressively well-kept. The layout includes five private treatment rooms, a large open exercise area with two additional treatment spaces, a professional reception and waiting area, an office, file storage, two washrooms (one with a shower), and a laundry room. Comfort is ensured with two newer forced-air furnaces and central air conditioning.
Built in 1977 on a slab-on-grade foundation, the property benefits from excellent natural light thanks to its east-facing front and sunny south exposure. The location offers great visibility and is surrounded by other professional services, all within a walkable district. Current lease terms are $21.00/sq ft for years 1–5 and $23.00/sq ft for years 6–10, producing an average net operating income of approximately $60,016 annually. An ideal, hands-off investment with a long-standing, reliable tenant and strong future income potential.
Transaction Type
For Sale
For Sale
Days On Market
2
2
Zoning
C1
C1
Subdivision
NONE
NONE
Year Built
1977
1977
Structure Type
Office
Office
Property Type
Commercial
Commercial
Property Sub Type
Office
Office
Legal Plan
868E
868E
Building Area (Sq. Ft.)
2537.25
2537.25
Building Area (Sq. M.)
235.72
235.72
Construction Type
Brick,Masonite
Brick,Masonite
Roof
Flat Torch Membrane,Flat,Tar/Gravel
Flat Torch Membrane,Flat,Tar/Gravel
Foundation
Poured Concrete
Poured Concrete
Electric
150 Amp Service
150 Amp Service
Cooling
Central Air
Central Air
Heating
Central,Forced Air,Natural Gas
Central,Forced Air,Natural Gas
Lot Features
Back Lane,City Lot,Corner Lot,Level,Paved,Street Lighting
Back Lane,City Lot,Corner Lot,Level,Paved,Street Lighting
Commercial Amenities
Laundry Facility,Lunchroom,Parking-Extra,Shower,Storefront
Laundry Facility,Lunchroom,Parking-Extra,Shower,Storefront
Access to Property
Back Alley Access,Front and Rear Drive access,Major Shopping Nearby,Paved Road,Public
Back Alley Access,Front and Rear Drive access,Major Shopping Nearby,Paved Road,Public
Inclusions
All attached furniture, window coverings
All attached furniture, window coverings
Restrictions
None Known
None Known
Reports
Title
Title