JN REAL ESTATE GROUP

Downtown Red Deer

FOR SALE

$4,000,000

PURCHASE PRICE

4822 50 Street , Red Deer · T4N 1X4

MIXED USE · BUILT 1977

MLS A2332877 · 17 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

Extensively renovated and upgraded, this 30,993 SF building is ready to build out to suit. There are 3 floors, plus basement, and the upgrades include: updated stone and stucco exterior; bright and open stairwells; new windows on each floor; new elevator; new digital access and security system; new washrooms (completed on the main floor and framed, plumber, wired and drywalled on 2nd and 3rd floors) and automatic lighting. The building is located beside Red Deer's upcoming Surgical Centre, close to the Ross Street Patio, and across the street from beautiful City Hall Park. There are 18 parking spots included, five right behind the building and 13 across the alley. An additional 28 stalls can also be available. Red Deer has a new economic development initiative underway and the new Nexus Homeless Shelter is addressing downtown homeless issues. Exciting things are happening in downtown Red Deer and this beautiful building offers a blank slate.

DETAILS

TRANSACTION

TRANSACTION
For Sale

BUILDING

TYPE
Mixed Use
YEAR BUILT
1977
CONSTRUCTION
Concrete
ROOF
Tar/Gravel
FOUNDATION
Poured Concrete

PARKING

TOTAL PARKING
18

LOT & EXTERIOR

LOT SIZE (SQFT)
8,276
LOT SIZE (ACRES)
0.19

COMMUNITY

COMMUNITY
Downtown Red Deer
ZONING
C-1
POSTAL CODE
T4N 1X4

UTILITIES & COSTS

HEATING
Natural Gas
COOLING
Central Air
ANNUAL TAXES
$49,095

LISTING COURTESY OF DALE RUSSELL · RE/MAX REAL ESTATE CENTRAL ALBERTA

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.