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Downtown Red Deer Lots

3 Properties Offered at $2,085,568 USD in Red Deer, AB

Executive Summary

Fantastic opportunity to own one of the best locations in Downtown Red Deer, with cashflow and future development potential. Multi-tenant commercial building with long term local tenants. Adjoining lots adding up to over 55,000 SF of downtown land with multiple parking lots adding up to 130 paid stalls. Excellent location surround by established professional businesses and government buildings. Addresses of the combined lots are as follows : (4709 - 4719) – 49th Ave Red Deer, AB , (4821 – 4825) – 48th Street Red Deer, AB, (4810 – 4824) – 47th Street Red Deer, AB.

Property Facts

Price $2,085,568 USD
Price / SF $153.59 USD / SF
Cap Rate 7.50%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 13,579 SF
Total Land Area 0.73 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Dollar Tree
4709-4719 49 Av, Red Deer, AB T4N 3W9
Retail 13,579 SF 2015 -
4810-4824 47th St, Red Deer, AB T4N 3W9 Land 0.59 AC - -
4821 48th St, Red Deer, AB T4N 3W9 Land 0.15 AC - -
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  • Listing ID: 26328741

  • Date on Market: 4/4/2022

  • Last Updated:

  • Address: Downtown Red Deer Lots, Red Deer, AB

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