This two story walk up stand alone building (slab on grade) is conveniently located directly across from Red Deer’s new Courthouse/Justice Centre and the Red Deer Transit Station hub.
There are extensive developments on both floors- Main floor 14 offices and one boardroom; Second floor potential of 10 offices ( currently configured as 5 offices and 3 training rooms plus a boardroom).
The building has historically been office use however main floor could be converted to a retail space. Second floor has separate entry and exits on the west side of the building; potential to be rented out as one or two units.
Parking- surface parking at the rear of the building up to 7 vehicles ( 2 stalls are tandem); metered parking in front with multiple public and private offsite parking options all within 300 Feet of the building.
Owners recently modernized/renovated the front of the building (2025)
An excellent opportunity to purchase a downtown asset with a convenient location at an affordable price!
Building is also available for lease; see MLS A2303514
Essential information
MLS® number
A2334814
Status
Active
Price
$699,000
Property type
Commercial
Type
Office
Transaction
For Sale
Restrictions
None Known
Building area
8,000 sq ft
Lot size
5,816 sq ft
Year built
1979
Structure
Low Rise (2-4 stories)
Listing brokerage
Century 21 Maximum
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Cooling
Full, Other
Included
all blinds and window coverings currently on property
Exterior and construction
Roof
Fiberglass, See Remarks
Foundation
Slab
Zoning
C-1
Parking
Total parking
7
Community
Subdivision
RRRR
City
Red Deer
Province
AB
Postal code
T4N 1S6
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
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32 photos$699,9004920 54 Street, Red Deer
