A Classic brick exterior Fully leased Commercial Building located in the Heart of busy Downtown on 50 St between the Old Post office building and Royal bank building. This Street Level Store front Building is a total of 2994 sq ft. Plus /Minus . There are two separate rental units , both are tenant occupied. The Front unit has the Restaurant , there since Nov 1 2024 , lease in place till Dec 31 2027 . The Back unit is a Therapy massage clinic with direct access from back alley and has been there since 2013 . Lease till June 30 2028. A nice plus for the building is the Central AC for the whole bulding supplied by the Roof top HVAC unit. Front space which is around 1220 sq ft ,has had numerous upgrades with large open front area ( large windows), 2 bathrooms, Secondary kitchen area and office. The cement basement area is about 500 Sq ft , with open storage area with shelving ,a separate storage room , a utility room (secondary furnace and large hot water tank ) , plus two washrooms ( need upgrading ) . Electrical panels are located in this unit. Back Lease space is around 1700 sq ft. set up with separate rooms ,washroom, they also have one parking space . There is an interior secure double locked doorway that separates the 2 units. As a holding property, the numbers are favorable. Leases include all utilities.Large Public metered parking lot is located behind the building, metered street parking stalls in front plus a Delivery stall The Downtown area has new programs in place to help create more activity and enhance public shopping, as well there is a lot of new development in the area that is creating more consumer traffic. (id:51989)
Features of 4919 50 Street
- MLS® Number A2341112
- Price $490,000
- Square Footage: 2919 sqft
- Property Type: Commercial Mix
- Community Name: Downtown Red Deer
- Parking Space Total 1
- Plan H
- Total Buildings 1
Buildings
| Ceiling Height | 108 In | Constructed Date | 1937 |
| Construction Material | Poured Concrete, Wood Frame | Exterior Finish | Brick, Concrete |
| Fire Protection | Smoke Detectors | Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas | Heating Type | Central Heating, See Remarks |
| Size Exterior | 2919 Sqft | Size Interior | 2919 Sqft |
| Total Finished Area | 2919 Sqft | Type | Commercial Mix |
Land
| Acreage | No | Size Depth | 35.96 M |
| Size Frontage | 7.31 M | Size Irregular | 290.95 |
| Size Total | 290.95 M2|0-4,050 Sqft | Size Total Text | 290.95 M2|0-4,050 Sqft |
| Zoning Description | C1 |
Agents and Offices
- Derek Austin
- Office: Century 21 Advantage