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4921 48 Street
Downtown Red Deer Red Deer T4N 1S8

$399,000
Commercial baths: 0.0 4,742 sq. ft. built: 1955

Main Photo: 4921 48 Street in Red Deer: Downtown Red Deer Commercial for sale : MLS®# A1035814
Status:
Active
Prop. Type:
Commercial
MLS® Num:
A1035814
Year Built:
1955
Great opportunity to own a MIXED USE Commercial/Residential Building, in a VERY prime location in Downtown Red Deer. Perfect for Investors or OWNER-USERS. Located within the Core and near Major Arterial Roads, this unit checks all the boxes. The main floor is currently vacant and has historically operated as a retail unit. It boasts large street facing windows with ample natural light and pedestrian exposure. It's approx 2,425sf, mainly wide open, and also features high ceilings, an office, 2-piece washroom, and storage areas. Additional storage in the basement. The 2nd floor is developed with 3 residential apartment suites comprising two 1-bedroom units and one 2-bedroom unit. Located at the southern end of the floor are three private storage rooms and a roof-top terrace. There are 2 of the 3 units rented with long term tenants in place. The width of the property allows for approx 3 parking stalls at the rear. **PRICED WELL BELOW 2019 APPRAISED VALUE**
Listing Area:
Red Deer
Listing Sub-Area:
Downtown Red Deer
County Or Parish:
Red Deer
Property Type:
Commercial
Property Sub Type:
Mixed Use
Total Floor Area:
4,742 sq. ft.
Bathrooms:
0.0
Ensuite:
No
Total Living Area:
4,742 sq. ft.
Year built:
1955
Structure Type:
Mixed Use
Legal Plan:
K
Possession:
Immediate
Restrictions:
None Known
Garage:
No
Zoning:
C-1
  • Photo 1: 4921 48 Street in Red Deer: Downtown Red Deer Commercial for sale : MLS®# A1035814
    Photo 1 of 1
Listed by Salomons Commercial
Data was last updated November 25, 2020 at 01:10 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$399,000
Min list price:
$125,000
Max list price:
$5,500,000
Avg days on market:
134
Min days on market:
44
Max days on market:
1,035
Avg price per sq.ft.:
$157.23
These statistics are generated based on the current listing's property type and located in Downtown Red Deer. Average values are derived using median calculations.

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