5121 50 Avenue , Red Deer Alberta

Sale $995,000.00  | 
Listing # ca0153344
Right beside the famous WEI's Western Wear on 12 rented parking spots.  Room to make more Northside of building
Office Listing:

Jerry Rush, REALTORĀ®  |  Nathan Rush

Jerry Rush

Team Rush

Phone:  403.887-2286
Fax:  1-888-389-5848

Royal LePage Network Realty Corp., Brokerage (Independently owned and operated)


3608 50th
Red Deer,  AB T4N3Y6


INVESTOR OPPORTUNITY. Leased Parking lot and 2 storey building downtown Red Deer on "Little Gaetz". This building is now housing one retail business on main floor but has in the past housed up to 5 including retail, cafe, professional offices, a Jazz Bar and the Legion. Recent upgrades include furnace and Hot water tank. 2nd Floor can have separate entrance. Current parking lot (40x130) is leased to 12 individuals and could be expanded to 24. Current parking priced at $70 per month. Main floor is fully leased for $12 /SF/Year until 2023. Second floor is available for your own business or lease it out. To get a feel for the layout click onto the Walk through using the Virtual TOUR feature (id:27)


Floor Space (approx): 6486.00 Square Feet
Built in: 1947

Property Features:

Farm Type: Other
OwnershipType: Freehold
Property Type: Business
Sewer: Municipal sewage system

Building Features:

Foundation Type: Concrete
Heating Type: Boiler , Forced air
Roof Material: Tar and Gravel
Roof Style: Unknown