7
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$750,000
Est. payment /mo
3,413 SqFt
Active
4930 50 Street Red Deer, AB T4N1X7
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3413
Square Footage 3,413 sqft
Price per Sqft $219
Subdivision Downtown Red Deer
MLS® Listing ID A2348392
Year Built 1929
Lot Size 3,125 Sqft
Acres 3125.0
Property Sub-Type Freehold
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. (id:24570)
Location
State AB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 2
Garage No
Private Pool No
Others
Ownership Freehold
Listed by KIC Realty
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