Address
4919 50 Street, Red Deer, AB
Price
$ 490,000
Property Attributes
- MLS#A2341112
- TypeCommercial
- Listing Status Active
- CityRed Deer
- NeighbourhoodDowntown Red Deer
- Postal CodeT4H 1X8
- StyleMixed Use
- Year Built1937
- Price$ 490,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.071878 Acres
Data Source:
Pillar 9 Technologies
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.
| Price History | |
|---|---|
| 9/1/2026 | Listed $490,000 |
General Features
| Lease Term | Negotiable |
|---|---|
| Heating | Central,Natural Gas,See Remarks |
| Roof | Flat Torch Membrane |
| Zoning | c1 |
| Restrictions | None Known |
| Year Built | 1937 |
| Property Subtype | Mixed Use |
| Transaction Type | For Sale |
| Building Type | Free-Standing |
| County | Red Deer |
| Property Type | Commercial |
| Subdivision Name | Downtown Red Deer |
| Parking Total | 1 |
| Construction Materials | Brick,Concrete,Wood Frame |
| Status | Active |
| City | Red Deer |
| Structure Type | Mixed Use |
| Standard Status | Active |
| Accessto Property | On Major Traffic Route,Public |
Interior Features
| Below Grade Finished Area Unit Type | SquareFeet |
|---|---|
| Building Area Total SF | 2919.00 |
| Building Area Total Metres | 271.18 |
| Footprint SQFT | 2990 |
| Main Level Areas | SquareFeet |
Exterior Features
| Inclusions | Stainless steel sinks,cabinet |
|---|---|
| Frontage Length | 7.31M 24`0 |
| Foundation | Poured Concrete |
| Building Area Total | 2919.00 |
| Lot Size Acres | 0.07 |
| Lot Size Square Feet | 3131 |
| Frontage Ft | 24.00 |
| Clear Ceiling Ht Feet | 9.0000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in T4H 1X8
Price
Year Built
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