4924 - 4928 50 Street Red Deer, Alberta T4N 1X7
$1,595,000
Investment opportunity! Own a historic piece of downtown Red Deer, with exceptional long term tenants, including Taco Loft, Velvet Olive, Ross Street Ice Cream, Oishidesu Ramen Shop and Bubble Tea. The property has had many improvements over the years including both street front façade and rear façade upgrades, removal of the gas service and running on Electricity cutting the utility costs by almost half! Hardwood flooring, plumbing, electrical upgrades, and many others. This building is situated in the middle of the Ross Street Entertainment District which is currently the only one of its kind in Canada! This makes it a great attraction year round, a host of live music, and events as well as steps from the downtown market that is host to lots of vendors every year in the summer months on Wednesdays. The property for sale will not include lot 7 - to be separated from title at the time of sale. Building is just over 11,000 sqft included in that space is a main floor of 5637saft and similar sqft on the 2nd floor. There is a basement in the front portion of the building and is host to storage and some mechanical equipment. (id:33281)
Property Details
| MLS® Number | A2045549 |
| Property Type | Other |
| Community Name | Downtown Red Deer |
| Features | Back Lane |
| Plan | H |
| Total Buildings | 2 |
Building
| Constructed Date | 1929 |
| Fireplace Present | No |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Exterior | 11174 Sqft |
| Size Interior | 11174 Sqft |
| Total Finished Area | 11174 Sqft |
| Type | Commercial Mix |
Land
| Acreage | No |
| Size Depth | 38.1 M |
| Size Frontage | 15.24 M |
| Size Irregular | 6250.00 |
| Size Total | 6250 Sqft|4,051 - 7,250 Sqft |
| Size Total Text | 6250 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/25541913/4924-4928-50-street-red-deer-downtown-red-deer
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Central Alberta REALTORS® Association
Exp Realty
September 01 2023 07:10:59
