4801 51 Avenue, Red Deer, Alberta T4N 4H2

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$1,190,000

Highlights

$1,190,000

Price

9452 sqft

Lot

For sale

Status

A2275013

MLS® ID

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. (id:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number A2275013
    • Price $1,190,000
    • Square Footage: 9452 sqft
    • Property Type: Retail
    • Community Name: Downtown Red Deer
    • Plan H

    Buildings

    Constructed Date 1951 Size Exterior 9452 Sqft
    Size Interior 9452 Sqft Total Finished Area 9452 Sqft
    Type Retail

    Land

    Acreage No Size Irregular 0.38
    Size Total 0.38 Ac|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) Size Total Text 0.38 Ac|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
    Zoning Description C-1

    Agents and Offices

    • Cameron Tomalty
    • Jeremy Makila
    • Office: RE/MAX Commercial Properties

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