Property Details
4919 50 Street
Red Deer (A2341112)
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.
Property details
- MLS® #
- A2341112
- Property Type:
- Commercial
- Subtype:
- Mixed Use
- Subdivision:
- Downtown Red Deer
- Price
- $490,000
- Sale/Lease:
- For Sale
- Size:
- 2,919 sq.ft.
- Year Built:
- 1937 (89 years old)
- Structure Type:
- Mixed Use
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- Stainless steel sinks, cabinet
- Lot Size:
- 0 acres
- Zoning:
- c1
- Roof:
- Flat Torch Membrane
- Exterior:
- Brick,Concrete,Wood Frame
- Foundation:
- Poured Concrete
- Heating:
- Central, Natural Gas, See Remarks
- Possession:
- Immediate
- Days on Market:
- 25
Basic Info
Building Info
Lot / Land Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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