Property Details

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1, 5511 50 Avenue
Red Deer (A2261103)

$299,000
1,561 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

An outstanding opportunity to own or lease a renovated corner bay with excellent visibility in a busy commercial complex. This 1,561 sq. ft. condo bay (approx. 54 ft x 29 ft) features a bright open retail area, a private office, secured storage, washroom, and a convenient rear entrance for shipping and receiving. The property includes a paved parking lot with two entrances, offering plenty of on-site parking for staff and customers, and a new roof was installed in 2017. Basic rent is $12.00 per sq. ft. with additional rent of $7.00 per sq. ft. (NNN). Tax amount (2025) $6,450.41 annually or $537 monthly. Zoned C-1, ideal for retail, showroom, or service-based businesses.

Property details

Basic Info

MLS® #
A2261103
Property Type:
Commercial
Subtype:
Retail
Subdivision:
Downtown Red Deer
Price
$299,000
Sale/Lease:
For Sale
Size:
1,561 sq.ft.
Year Built:
1979 (46 years old)

Building Info

Structure Type:
Mixed Use
Garage:
No
Fence:
Basement:
No
Inclusions:
None

Lot / Land Info

Lot Size:
0.03 acres
Zoning:
C-1

Listing Info

Possession:
Negotiable
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Grassroots Realty Group Ltd.
1-833-477-6687

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