$1,700,000
$1,895,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
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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