Property Details
4930 50 Street
Red Deer (A2348392)
Description
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 2,500 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.
Property details
- MLS® #
- A2348392
- Property Type:
- Commercial
- Subtype:
- Mixed Use
- Subdivision:
- Downtown Red Deer
- Price
- $750,000
- Sale/Lease:
- For Sale
- Size:
- 3,563 sq.ft.
- Year Built:
- 1929 (97 years old)
- Structure Type:
- Mixed Use
- Building Name:
- Farthing Block
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- see schedule
- Lot Size:
- 0 acres
- Zoning:
- C-1
- Business Type:
- Restaurant
- Roof:
- Flat Torch Membrane
- Exterior:
- Concrete,Wood Frame
- Foundation:
- Poured Concrete
- Heating:
- Baseboard, Electric, Make-up Air
- Cooling:
- Central Air
- Possession:
- Negotiable
- Days on Market:
- 2
Basic Info
Building Info
Lot / Land Info
Business 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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