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4919 50 Street

Downtown Red Deer, Red Deer, AB, T4H1X8

Listed by Century 21 Advantage

$490,000

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  • 1 parking
  • 2919 sq ft

Listed 51 days ago · MLS® A2341112

About this home

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. (id:66966)

Details

Type
Other
Size
2919 sq ft
Property tax
$7,034 (2026)
Neighbourhood
Downtown Red Deer
Municipality
Red Deer

Interior

Fireplace
No

Heating, cooling and services

Heating
Natural gas, See remarks, Central heating

Building and exterior

Year built
1937
Exterior
Poured concrete, Wood frame
Foundation
Poured Concrete
Outdoor
Concrete, Brick
Building area
2,919 square feet

Parking

Total parking
1

Location

Location is approximate. See nearby homes on the map

Listed by Century 21 Advantage.

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