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4930 50 Street

Downtown Red Deer, Red Deer, AB, T4N1X7

Listed by KIC Realty

$750,000

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  • 2 parking
  • 3413 sq ft

Listed 25 days ago · MLS® A2348392

About this home

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 2,350 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. (id:66966)

Details

Type
Other
Size
3413 sq ft
Property tax
$6,719 (2026)
Neighbourhood
Downtown Red Deer
Municipality
Red Deer

Interior

Fireplace
No

Heating, cooling and services

Heating
Baseboard heaters, Electric
Air conditioning
Central air conditioning

Building and exterior

Year built
1929
Exterior
Poured concrete, Wood frame
Foundation
Poured Concrete
Outdoor
Concrete
Building area
3,413 square feet

Parking

Total parking
2

More

Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Listed by KIC Realty.

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