4921 48 Street

4921 48 Street, Red Deer

$399,000

0 Square Feet
Great opportunity to own a MIXED USE Commercial/Residential Building, in a VERY prime location in Downtown Red Deer. Perfect for Investors or OWNER-USERS. Located within the Core and near Major Arterial Roads, this unit checks all the boxes. The main floor is currently vacant and has historically operated as a retail unit. It boasts large street facing windows with ample natural light and pedestrian exposure. Rentable area is approx 2,350sf, mainly wide open, and also features high ceilings (approx 13'), an office, 2-piece washroom, and storage areas. Additional storage in the basement (basement is approx 565sf). The 2nd floor is developed with 3 residential apartment suites comprising two 1-bedroom units and one 2-bedroom unit. Located at the southern end of the floor are three private storage rooms and a roof-top patio. ALL 3 UNITS ARE CURRENTLY RENTED. The width of the property and area behind the building allows for parking of approx 3 vehicles. **PRICED WELL BELOW 2019 APPRAISED VALUE**
  • Listing ID: A1035814
  • Property Type: Commercial
  • Year Built: 1955
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    This property located at 4921 48 Street was last modified on January 11th 2021. To schedule a viewing or subscribe to other properties for sale in Red Deer let us connect you with one of our real estate agents.

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