Red Deer, AB T4N 4E3,6888 50 AVE
Red Deer, AB T4N 4E3,6888 50 AVE
Red Deer, AB T4N 4E3,6888 50 AVE
Red Deer, AB T4N 4E3,6888 50 AVE
Red Deer, AB T4N 4E3,6888 50 AVE
Red Deer, AB T4N 4E3,6888 50 AVE
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$1,700,000

$1,895,000

10.3%
Est.Price: ?

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Est. payment /mo

0.65 Acres Lot


SOLD DATE : 08/19/2024

Key Details

Sold Price $1,700,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Subdivision Normandeau

MLS® Listing ID A2088941

Sold Date 08/19/24

Originating Board Central Alberta

Annual Tax Amount $39,213

Tax Year 2023

Lot Size 0.654 Acres

Acres 0.65

Property Description

**SALE LEASEBACK OPPORTUNITY! Vendor is willing to provide a lease for the vacant building up to one year, at a lease rate to be based on the sale price!** Situated on an attractive corner lot along Red Deer’s main corridor, this property has the unique distinction of featuring two independent single-occupant commercial buildings, each with a relatively smaller footprint which is uncommon yet desirable. The west building (1,636sf) was custom-built for a automotive lube shop, which has been in operation since 2002. The current lease expires August 31, 2027. The east building (2,778sf) is vacant and had been occupied by Circle K (Mac’s) also since 2002. This is an incredible opportunity for both solely investors, or for owner/occupier/investors due to the ability to operate a business in the high-profile east building, with Gaetz Ave frontage, while capturing a revenue stream from a first rate Tenant in the west building. There is extraordinary exposure to Gaetz Ave with the buildings alone, plus an added benefit of a large pylon sign, with each building having its own panel. Further, the property is easily accessible, with three convenient access points to the site. Very well maintained and cared for, this is a prime piece of commercial property in the City.

Location

Province AB

County Red Deer

Zoning C4

Others

Restrictions Call Lister

Tax ID 83334150

Ownership Private

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Mark & Natalie Neustaedter

Mark & Natalie Neustaedter

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