$1,595,000
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6,250 Sqft Lot
SOLD DATE : 10/04/2023
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown Red Deer
MLS® Listing ID A2045549
Year Built 1929
Annual Tax Amount $14,887
Tax Year 2022
Lot Size 6,250 Sqft
Property Description
Investment opportunity! Own a historic piece of downtown Red Deer, with exceptional long term tenants, including Taco Loft, Velvet Olive, Ross Street Ice Cream, Oishidesu Ramen Shop and Bubble Tea. The property has had many improvements over the years including both street front fa�ade and rear fa�ade upgrades, removal of the gas service and running on Electricity cutting the utility costs by almost half! Hardwood flooring, plumbing, electrical upgrades, and many others. This building is situated in the middle of the Ross Street Entertainment District which is currently the only one of its kind in Canada! This makes it a great attraction year round, a host of live music, and events as well as steps from the downtown market that is host to lots of vendors every year in the summer months on Wednesdays. The property for sale will not include lot 7 - to be separated from title at the time of sale. Building is just over 11,000 sqft included in that space is a main floor of 5637saft and similar sqft on the 2nd floor. There is a basement in the front portion of the building and is host to storage and some mechanical equipment.
Location
Province AB
County Red Deer
Zoning C1
Interior
Heating Baseboard, Electric
Exterior
Roof Type Flat Torch Membrane
Building
Lot Description Back Lane
Foundation Poured Concrete
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