**REDUCED PRICE!!** – Downtown Mixed Use Property

4921 - 48 Street - Red Deer, Alberta

This is a great opportunity to own a MIXED USE Commercial Building, in a VERY prime location.

Perfect for Investors or OWNER-USERS.

Located within the Downtown Core and near Major Arterial Roads makes this a desirable choice for businesses and residents.

The main floor has historically operated as a retail unit, and boasts large street facing windows with ample natural light and pedestrian exposure.  It’s approx 2,425sf, mainly wide open, and also features high ceilings, an office space, 2-piece washroom, and storage areas at the back.  Additional storage also located in the basement.  Currently rented on a month-to-month term which provides great flexibility.

The second floor is developed with Three Residential Apartment Suites comprising two 1-bedroom units and one 2-bedroom unit. Located at the southern end of the second floor are three private storage rooms and a roof-top terrace.  All three Apartments on the 2nd floor are fully rented with long term tenants in place.

Three parking stalls are available in rear.

*Priced below 2019 appraised value!*

*** Please note that the sellers are Licensed Realtors in the Province of Alberta ***

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New Price

  • Price:$439,000.00
  • Listing Type:Sale - Building
  • Property Type:Retail
  • Listing #: LLDM-CA0171501 -17272
  • Zoned for:C-1 Commercial (City Centre District)
  • Community: Red Deer
  • Neighbourhood: Downtown Red Deer
  • Legal Description: Lot 14, Block 20, Plan K
  • Available Space: 4742 sq ft

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