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5121 50 Avenue, Red Deer, AB - MLS # CA0153344

5121 50, Red Deer, AB T4N 4B3

Quick Summary

Price
$995,000
Type:
Commercial
Sub Type:
Building
Title:
5121 50 Avenue
Possession:
Immediate
Tax Amount:
12996 / 2018

Lot Summary

Lot Width:
80
Lot Depth:
130
Lot Shape:
Standard
Sewer:
Municipal
Water Source:
Municipal

Geographical Summary

Access:
Front and Rear Drive access

Building Summary

Year Build:
1947
Construction Material:
Brick Veneer
Foundation Details:
Concrete
Roofing:
Tar & Gravel
Heating:
Boiler,Furnace - Forced Air - 1
Area Above:
6486 sq ft

Property Description

County / Parish: Red Deer County, Alberta
Zoning: C1

INVESTOR OPPORTUNITY. Leased Parking lot and 2 storey building downtown Red Deer on “Little Gaetz”. This building is now housing one retail business on main floor but has in the past housed up to 5 including retail, cafe, professional offices, a Jazz Bar and the Legion. Recent upgrades include furnace and Hot water tank. 2nd Floor can have separate entrance. Current parking lot (40×130) is leased to 12 individuals and could be expanded to 24. Current parking priced at $70 per month. Main floor is fully leased for $12 /SF/Year until 2023. Second floor is available for your own business or lease it out. To get a feel for the layout click onto the Walk through using the Virtual TOUR feature

Listed By Royal Lepage Network Realty Corp.

Map

Walk Score

Agent on Duty


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