4930 50 Street, Red Deer
RRRR, Red Deer
$750,000
- 3,413Sq Ft
- 1929Built
- 31Days listed
7 photos
About this property
Fully leased mixed-use commercial building in the heart of downtown Red Deer, one block off Ross Street. The Farthing Block offers two income streams: a main floor restaurant and lounge on a three-year net lease, and a self-contained second floor residential suite on a fixed term. The commercial tenancy includes the full developed basement, which houses the working kitchen, prep area, office, washroom and storage. Approximately 2,350 sq ft on the main floor and 1,063 sq ft on the second, plus a full lower level, on a 3,125 sq ft C-1 City Centre lot. Building services were upgraded under current ownership. Three-phase electrical was brought in to support commercial kitchen equipment, and the building runs fully electric with the gas service removed. The kitchen build-out and walk-in coolers stay with the property. C-1 zoning allows the broadest commercial use range in the city. Located within the downtown restaurant and hospitality cluster near the Ross Street Patio entertainment district.
Essential information
- MLS® number
- A2348392
- Status
- Active
- Price
- $750,000
- Property type
- Commercial
- Type
- Mixed Use
- Transaction
- For Sale
- Restrictions
- None Known
- Building area
- 3,413 sq ft
- Lot size
- 3,125 sq ft
- Year built
- 1929
- Structure
- Mixed Use
- Listing brokerage
- KIC Realty
- Source
- Pillar 9™ MLS® System
Interior
- Heating
- Baseboard, Electric, Make-up Air
- Cooling
- Central Air
- Included
- see schedule
Exterior and construction
- Construction
- Concrete, Wood Frame
- Roof
- Flat Torch Membrane
- Foundation
- Poured Concrete
- Zoning
- C-1
Parking
- Total parking
- 2
Commercial
- Business type
- Restaurant
Community
- Subdivision
- RRRR
- City
- Red Deer
- Province
- AB
- Postal code
- T4N1X7
Where it is
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Approximate location, plotted from the listing’s own coordinates.
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