Property Details

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4801 51 Avenue
Red Deer (A2275013)

$1,190,000
9,452 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

Excellent investment opportunity located in the heart of downtown Red Deer. This well maintained 9,452 SF building is available for sale. The building includes 6 main floor commercial units - 5 that are leased to long term tenants and 1 that is currently vacant and available for lease. All of these units have large windows along the front that bring in plenty of natural light. There is a shared hallway accessible from the back of the units that includes a shared washroom for the main floor tenants, and access to the second floor. The second floor has 2 additional units that have the potential to be converted to residential for additional income generation in the future. Parking on site is limited to availability for clients and customers of the tenants only, with ample public parking options in the nearby area. This property offers excellent visibility from Gaetz Avenue Southbound where thousands of cars pass by daily.

Property details

Basic Info

MLS® #
A2275013
Property Type:
Commercial
Subtype:
Retail
Subdivision:
Downtown Red Deer
Price
$1,190,000
Sale/Lease:
For Sale
Size:
9,452 sq.ft.
Year Built:
1951 (74 years old)

Building Info

Structure Type:
Retail
Building Name:
River Valley Place
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Lot Size:
0.38 acres
Zoning:
C-1

Listing Info

Possession:
Negotiable
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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