Extensively renovated and upgraded, this 30,993 SF building is ready to build out to suit. There are 3 floors, plus basement, and the upgrades include: updated stone and stucco exterior; bright and open stairwells; new windows on each floor; new elevator; new digital access and security system; new washrooms (completed on the main floor and framed, plumber, wired and drywalled on 2nd and 3rd floors) and automatic lighting. The building is located beside Red Deer's upcoming Surgical Centre, close to the Ross Street Patio, and across the street from beautiful City Hall Park. There are 18 parking spots included, five right behind the building and 13 across the alley. An additional 28 stalls can also be available. Red Deer has a new economic development initiative underway and the new Nexus Homeless Shelter is addressing downtown homeless issues. Exciting things are happening in downtown Red Deer and this beautiful building offers a blank slate.
Essential information
MLS® number
A2332877
Status
Active
Price
$4,000,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
23,777 sq ft
Lot size
8,276 sq ft
Year built
1977
Structure
Low Rise (2-4 stories)
Listing brokerage
RE/MAX real estate central alberta
Source
Pillar 9™ MLS® System
Interior
Heating
Natural Gas
Cooling
Central Air
Included
None.
Exterior and construction
Construction
Concrete
Roof
Tar/Gravel
Foundation
Poured Concrete
Zoning
C-1
Parking
Total parking
18
Community
Subdivision
RRRR
City
Red Deer
Province
AB
Postal code
T4N 1X4
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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13 photos$4,200,0002650 55 Street, Red Deer
