Property overview
Commercial opportunity in Red Deer
Fully leased mixed-use commercial building in the heart of downtown Red Deer, one block off Ross Street. The Farthing Block offers two income streams: a main floor restaurant and lounge on a three-year net lease, and a self-contained second floor residential suite on a fixed term. The commercial tenancy includes the full developed basement, which houses the working kitchen, prep area, office, washroom and storage.Approximately 2,350 sq ft on the main floor and 1,063 sq ft on the second, plus a full lower level, on a 3,125 sq ft C-1 City Centre lot. Building services were upgraded under current ownership. Three-phase electrical was brought in to support commercial kitchen equipment, and the building runs fully electric with the gas service removed. The kitchen build-out and walk-in coolers stay with the property.C-1 zoning allows the broadest commercial use range in the city. Located within the downtown restaurant and hospitality cluster near the Ross Street Patio entertainment district. (id:66954)
Property details
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
- Transaction Type
- For Sale
- Listing Status
- Active
- List Price
- $750,000
- Building Type
- Commercial Mix
- Total Building Area
- 3,413 sq. ft.
- Year Built
- 1929
- Heating
- Baseboard heaters, Electric
- Cooling
- Central air conditioning
- Zoning
- C-1
Community
Downtown Red Deer (Red Deer)
Information is provided for general reference and is subject to confirmation. Live listing data is supplied through REALTOR.ca DDF®.