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$750,000
Est. payment /mo
3,413 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,413 sqft
Price per Sqft $219
Subdivision Downtown Red Deer
MLS Listing ID A2348392
Year Built 1929
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Mixed Use
Property Description
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 2,350 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.
Approximately 2,350 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.
Location
Province AB
County 0262
Zoning C-1
Interior
Heating Baseboard, Electric, Make-up Air
Cooling Central Air
Inclusions see schedule
Fireplace No
Exterior
Roof Type Flat Torch Membrane
Total Parking Spaces 2
Garage No
Building
Dwelling Type Mixed Use
Foundation Poured Concrete
Others
Restrictions None Known
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Listed by KIC Realty
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