5415 49 Avenue, Downtown Red Deer in Red Deer, AB

5415 49 Avenue, Downtown Red Deer in Red Deer

One of Red Deer's top Iconic corridor corners has just come onto the market. 49 Ave and 55 Street corner provides Right-in Right-out access & egress onto 49 Avenue and alley access from 48 Ave (2 way). City of Red Deer bus stop is adjacent to the south corner of this lot. This listing consists of 2 separate Linc #'s (and titles, 0015 529 994 & 0015 529 986) of the same lot Blk & Plan. The total land size for these 2 lots is 11,916 Sq. Ft. (This lot is adjacent to 7,925 sq ft Commercial lot located at 4831 55 Street. These 3 lots are being sold together for a total land sq ft of 19,841 sq ft (.46 acres) total asking price $ 1,220,000.00 (priced at 61.49 per sq ft) These lots together would make an incredible multifamily residential development site. They will need to be rezoned to R-3 in order comply with the city development by laws. The local area has a substantial number of existing R-3 developments all the way down 55 St. Don't miss this once in a lifetime opportunity. Alternatively the existing building currently is occupied as a successful respected Chiropractic office. The existing C-1 zoning provides for several high value uses as is. The three address of the properties being sold together are 5415 & 5411 49 Ave & 4831 55St.