4948 54th Avenue, Red Deer, Alberta T4N 5K8

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$799,000

Highlights

$799,000

Price

5870 sqft

Lot

For sale

Status

A2290907

MLS® ID

0.48 Acres – Industrial Property with Redevelopment Potential in Red Deer RailyardsRare 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. (id:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number A2290907
    • Price $799,000
    • Square Footage: 5870 sqft
    • Community Name: Railyards
    • Parking Space Total 25
    • Plan 9621292

    Buildings

    Constructed Date 1962 Size Exterior 5870 Sqft
    Size Interior 5870 Sqft Total Finished Area 5870 Sqft

    Land

    Acreage No Size Total Text Unknown
    Zoning Description Dc(28)

    Agents and Offices

    • Justin Gaspari
    • Office: Cir Realty

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