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.
Address
4801 51 Avenue
List Price
$1,190,000
Property Type
Commercial
Type of Dwelling
Retail
Transaction Type
Sale
Area
Red Deer
Sub-Area
Downtown Red Deer
Lot Size
16552 Sq. Ft.
Year Built
1951
MLS® Number
A2275013
Listing Brokerage
RE/MAX Commercial Properties
Postal Code
T4N 4H2
Zoning
C-1