$795,500
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9,148 Sqft Lot
SOLD DATE : 04/04/2024
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown Red Deer
MLS® Listing ID A2115303
Year Built 2003
Annual Tax Amount $12,354
Tax Year 2023
Lot Size 9,148 Sqft
Property Description
Located at a strategic position along 45th Street in Red Deer, this single-tenant mixed-use commercial building presents a unique investment opportunity. Constructed in 2003, the property sits on the southern edge of downtown, near Gaetz Avenue, Red Deer?s main commercial thoroughfare, ensuring high visibility and access. The building boasts an array of features including private offices, storage rooms, a kitchenette, and a spacious showroom illuminated by large windows on three sides. Additionally, a heated warehouse, equipped with a 10?x10? overhead door, enhances the functionality of this property.
The premises are complemented by a paved parking lot on the west and an 8,000 SF secure fenced yard on the east, catering to a variety of business operations. The building is served by municipal water, gas, and electricity, with an on-site septic tank, ensuring full utility coverage.
Significantly, the property is 100% leased to a reliable tenant, generating a positive cash flow and offering a strong investment with long-term returns. Its location in Red Deer, a key city positioned along the Queen Elizabeth Highway between Edmonton and Calgary, provides excellent transportation links, making it an attractive proposition for investors seeking a presence in Central Alberta?s commercial landscape.
Location
Province AB
County Red Deer
Zoning C1
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