Property Details

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Featured in:

Winners:

4948 54th Avenue
Red Deer (A2290907)

$799,000
5,870 ft²
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Loan Term
Interest Rate
Loan Amount
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Ann. Insurance

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

Description

0.48 Acres – Industrial Property with Redevelopment Potential in Red Deer Railyards Rare opportunity to acquire 0.48 acres of flat land with a 5,800 sq. ft. industrial building in the rapidly evolving Railyards district in the core of Red Deer. This property offers excellent potential for owner-users, investors, or future redevelopment as the City advances plans for medium- to high-density development in the area. The 5,800 sq. ft. warehouse and office building features a new roof, two operational manual cranes, and approximately 600 sq. ft. of additional usable second-floor storage, providing practical functionality for industrial, fabrication, or light manufacturing uses. The property is currently home to Wallah Signs, offering the opportunity to operate a cash-flowing business while holding the real estate for future redevelopment potential. Bring your ideas—continue operating the existing business, reposition the building, or hold the property as the surrounding Railyards community continues to develop. Opportunities like this in the core of Red Deer are increasingly rare.

Property details

Basic Info

MLS® #
A2290907
Property Type:
Commercial
Subtype:
Industrial
Subdivision:
Railyards
Price
$799,000
Sale/Lease:
For Sale
Size:
5,870 sq.ft.
Year Built:
1962 (64 years old)

Building Info

Structure Type:
Industrial
Garage:
No
Fence:
Basement:
No
Inclusions:
All

Lot / Land Info

Zoning:
DC(28)

Listing Info

Possession:
Negotiable
Days on Market:
21
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Grassroots Realty Group Ltd.
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