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  • * $1,100,000
  • Built1964
  • DOM138
$1,100,000

4930 53 Avenue, Downtown Red Deer in Red Deer, AB

This is a Commercial Listing.

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4930 53 Avenue, Downtown Red Deer in Red Deer

BUILDING ONLY FOR SALE ONLY. Featuring just over 5,600 sq ft, this multi-purpose, stand alone building on it's own lot is ideally located right West of the downtown Superstore. Strong three-year NNN lease renewal just resigned with same strong tenant for the past 10+years. building produces around an 8% cap rate on a solid 3 year average, based on asking price. Cinder block building on slab. Future opportunity exists to split building into two if desired (previous rear 4000 sq ft section was a mechanic shop and the front 1,600 was a retail space) regular maintenance & improvements to roof, HVAC, Windows, LED Lighting and exterior facade, have all been completed in the last several years. Good investment, strong return, great location. Please do not approach business/ workers regarding the building sale.

$1,100,000
4930 53 Avenue, Red Deer, Alberta

Essential Information

  • MLS® #A2096220
  • Price$1,100,000
  • Price per Sqft196
  • Price Per SqFt$196
  • Bathrooms0.00
  • Acres0.30
  • Year Built1964
  • TypeCommercial
  • Sub-TypeRetail
  • StatusActive
  • Days on Market138

Interior

  • HeatingCentral, Forced Air, Natural Gas
  • CoolingCentral Air

Additional Information

  • ZoningDC(28)

Community Information

  • Address4930 53 Avenue
  • SubdivisionDowntown Red Deer
  • CityRed Deer
  • ProvinceRed Deer
  • Postal CodeT4N 5J9

Exterior

  • RoofMembrane
  • ConstructionBrick
  • FoundationSlab
  • Lot Size Square Feet13068.00

Listing Details

  • Listing OfficeCentury 21 Advantage
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