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5237 54 Av

16,823 SF 100% Leased Retail Building Red Deer, AB T4N 5K5 $408,489 USD ($24 USD/SF)

Investment Highlights

  • Located just off Taylor Drive and near Gaetz Avenue.
  • The property offers surface parking.
  • This property is easily accessible from anywhere in the city.

Executive Summary

Discover a unique judicial sale opportunity in the heart of Red Deer. This 8,411 sq.ft. freestanding building, built in 1954, is situated on a 0.2-acre lot. Located just off Taylor Drive and near Gaetz Avenue, this property is easily accessible from anywhere in the city. The building features two floors. The main floor has undergone substantial renovations and requires only the finishing touches. It includes a reception area, two offices, a large assembly room, two washrooms, a large storage area, and a kitchen area. The second floor is mainly open with support posts throughout, providing a versatile space that has housed various tenants over the years. It also features two-plus offices and a separate entrance. Additional features include paved parking for over 10 vehicles and a side fenced storage yard area. This property offers significant potential in a strategic, central location. Whether for investment or owner use, this versatile building presents an exceptional opportunity in a thriving area.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,823 SF
Building Class
C
Year Built/Renovated
1954/2021
Price
$408,489 USD
Price Per SF
$24 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.33
Land Acres
0.29 AC
Zoning
DC(28)
Parking
10 Spaces (0.59 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Real Canadian Superstore
CrossFit
Scotiabank
TD Canada Trust
Tim Hortons
RBC Royal Bank
Original Joe's
Extreme Pita
Starbucks
Freshco
  • Listing ID: 32010975

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 5237 54 Av, Red Deer, AB T4N 5K5

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