5101 50 Avenue, Red Deer, AB T4N4B3
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5101 50 Avenue, Red Deer, AB T4N4B3
5101 50 Avenue, Red Deer, AB T4N4B3
5101 50 Avenue, Red Deer, AB T4N4B3
5101 50 Avenue, Red Deer, AB T4N4B3
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Larry Matira

Larry Matira

+1(403) 785-6838
$ 389,900
Est. payment /mo
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5101 50 Avenue Red Deer, AB T4N4B3

11,897 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Approx. Sqft 11897

Square Footage 11,897 sqft

Price per Sqft $32

Subdivision Downtown Red Deer

MLS® Listing ID A2352910

Year Built 1947

Lot Size 6,500 Sqft

Acres 6500.0

Property Description

**DOWNTOWN RED DEER MIXED-USE INVESTMENT OPPORTUNITY!** Located at 5101 50 Avenue in the heart of Red Deer, this established income-property opportunity offers investors a compelling entry point into downtown commercial real estate at an attractive $389,900 asking price.The property combines commercial and residential rental components, providing an opportunity to diversify rental income within a single investment. Municipal records identify approximately 11,897 square feet of building area on a 6,500 square foot parcel, with C-1 zoning that supports a variety of downtown commercial uses, subject to municipal approval.Built in 1947, this established downtown property offers existing rental operations together with potential opportunities for repositioning, improved operating efficiencies and long-term value creation. Its central location places the property within Red Deer's downtown business district, with access to surrounding commercial services, businesses and residential neighbourhoods.For investors prepared to assess the existing tenancy, building condition and operating structure, the property offers an opportunity to pursue a value-add strategy at a relatively accessible acquisition price. Commercial and residential rent rolls and historical operating information are available for qualified purchaser review.Offered for sale as is, with possession subject to existing tenancies. Whether expanding an investment portfolio or exploring the potential of an established downtown mixed-use property, 5101 50 Avenue deserves consideration. (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

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Listed by Century 21 Advantage

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Larry Matira
Larry Matira

Agent License ID: 00587191

+1(403) 785-6838

www.larrymatirarealty.com/

Alberta

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5101 50 Avenue