Red Deer, AB T4N 1K8,5017 45 ST
Red Deer, AB T4N 1K8,5017 45 ST
Red Deer, AB T4N 1K8,5017 45 ST
15
$800,000
$795,500
0.6%
Est.Price: ?

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9,148 Sqft Lot

5017 45 ST Red Deer, AB T4N 1K8

Est. payment /mo
SOLD DATE : 04/04/2024

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Key Details

Sold Price $800,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown Red Deer

MLS® Listing ID A2115303

Sold Date 04/04/24

Originating Board Central Alberta

Year Built 2003

Annual Tax Amount $12,354

Tax Year 2023

Lot Size 9,148 Sqft

Acres 0.21

Property Description

Located at a strategic position along 45th Street in Red Deer, this single-tenant mixed-use commercial building presents a unique investment opportunity. Constructed in 2003, the property sits on the southern edge of downtown, near Gaetz Avenue, Red Deer’s main commercial thoroughfare, ensuring high visibility and access. The building boasts an array of features including private offices, storage rooms, a kitchenette, and a spacious showroom illuminated by large windows on three sides. Additionally, a heated warehouse, equipped with a 10’x10’ overhead door, enhances the functionality of this property.

The premises are complemented by a paved parking lot on the west and an 8,000 SF secure fenced yard on the east, catering to a variety of business operations. The building is served by municipal water, gas, and electricity, with an on-site septic tank, ensuring full utility coverage.
Significantly, the property is 100% leased to a reliable tenant, generating a positive cash flow and offering a strong investment with long-term returns. Its location in Red Deer, a key city positioned along the Queen Elizabeth Highway between Edmonton and Calgary, provides excellent transportation links, making it an attractive proposition for investors seeking a presence in Central Alberta’s commercial landscape.

Location

Province AB

County Red Deer

Zoning C1

Others

Restrictions Call Lister

Tax ID 83328511

Ownership Private

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Listed by Salomons Commercial

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Noor Shihab

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+1(403) 800-9255

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