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$ 1,190,000
Est. payment | /mo
9,452 SqFt
$ 1,190,000
Est. payment | /mo
9,452 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 9,452 sqft
Price per Sqft $125
Subdivision Downtown Red Deer
MLS Listing ID A2275013
Year Built 1951
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Retail
Property Description
Excellent investment opportunity located in the heart of downtown Red Deer. This well maintained 9,452 SF building is available for sale. The building includes 6 main floor commercial units - 5 that are leased to long term tenants and 1 that is currently vacant and available for lease. All of these units have large windows along the front that bring in plenty of natural light. There is a shared hallway accessible from the back of the units that includes a shared washroom for the main floor tenants, and access to the second floor. The second floor has 2 additional units that have the potential to be converted to residential for additional income generation in the future. Parking on site is limited to availability for clients and customers of the tenants only, with ample public parking options in the nearby area. This property offers excellent visibility from Gaetz Avenue Southbound where thousands of cars pass by daily.
Location
Province AB
Zoning C-1
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Retail
Others
Restrictions None Known
Listed by RE/MAX Commercial Properties