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$ 490,000
Est. payment /mo
Active
4919 50 Street Red Deer, AB T4H1X8
2,919 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2919
Square Footage 2,919 sqft
Price per Sqft $167
Subdivision Downtown Red Deer
MLS® Listing ID A2341112
Year Built 1937
Lot Size 3,131 Sqft
Acres 0.07189531
Property Sub-Type Freehold
Property Description
A Classic brick exterior Fully leased Commercial Building located in the Heart of busy Downtown on 50 St between the Old Post office building and Royal bank building. This Street Level Store front Building is a total of 2994 sq ft. Plus /Minus . There are two separate rental units , both are tenant occupied. The Front unit has the Restaurant , there since Nov 1 2024 , lease in place till Dec 31 2027 . The Back unit is a Therapy massage clinic with direct access from back alley and has been there since 2013 . Lease till June 30 2028. A nice plus for the building is the Central AC for the whole bulding supplied by the Roof top HVAC unit. Front space which is around 1220 sq ft ,has had numerous upgrades with large open front area ( large windows), 2 bathrooms, Secondary kitchen area and office. The cement basement area is about 500 Sq ft , with open storage area with shelving ,a separate storage room , a utility room (secondary furnace and large hot water tank ) , plus two washrooms ( need upgrading ) . Electrical panels are located in this unit. Back Lease space is around 1700 sq ft. set up with separate rooms ,washroom, they also have one parking space . There is an interior secure double locked doorway that separates the 2 units. As a holding property, the numbers are favorable. Leases include all utilities.Large Public metered parking lot is located behind the building, metered street parking stalls in front plus a Delivery stall The Downtown area has new programs in place to help create more activity and enhance public shopping, as well there is a lot of new development in the area that is creating more consumer traffic. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Central heating, , See remarks
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 1
Garage No
Private Pool No
Others
Ownership Freehold
Listed by Century 21 Advantage
GET MORE INFORMATION
Larry Matira
Agent License ID: 00587191