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 2,500 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. (id:51989)
Features of 4930 50 Street
- MLS® Number A2348392
- Price $750,000
- Square Footage: 3563 sqft
- Property Type: Commercial Mix
- Community Name: Downtown Red Deer
- Parking Space Total 2
- Plan H
- Total Buildings 1
Business
| Business Type | Restaurant | Business Sub Type | Restaurant |
Buildings
| Constructed Date | 1929 | Construction Material | Poured Concrete, Wood Frame |
| Cooling Type | Central Air Conditioning | Exterior Finish | Concrete |
| Foundation Type | Poured Concrete | Heating Fuel | Electric |
| Heating Type | Baseboard Heaters | Size Exterior | 3563 Sqft |
| Size Interior | 3563 Sqft | Total Finished Area | 3563 Sqft |
| Type | Commercial Mix |
Land
| Acreage | No | Size Irregular | 3125.00 |
| Size Total | 3125 Sqft|0-4,050 Sqft | Size Total Text | 3125 Sqft|0-4,050 Sqft |
| Zoning Description | C-1 |
Agents and Offices
- Ben James
- Office: Kic Realty