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4930 50 Street, Red Deer, AB, T4N 1X7

MLS® # A2348392
new listing
Commercial For Sale In Downtown, Red Deer, Alberta
$750,000

None Beds

4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
4930 50 Street, Red Deer, AB
  • Advertising
4930 50 Street, Red Deer, AB, T4N 1X7
$750,000

Property Information:

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.

Inclusions: see schedule

Property Features:

  • Built in: 1929
  • Business Type: Restaurant
  • Construction Materials: Concrete, Wood Frame
  • Cooling: Central Air
  • Floor Space (approx): 3563.00 Square Feet
  • Foundation Details: Poured Concrete
  • Heating: Baseboard, Electric, Make-up Air
  • Lot Size: 3125.00 Square Feet
  • Property Access: Back Alley Access
  • Roof:
  • Zoning: C-1
  • No. of Parking Spaces: 2

Courtesy of: KIC Realty

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Location of 4930 50 Street, Red Deer, AB, T4N 1X7

Demographic Information of 4930 50 Street, Red Deer, AB, T4N 1X7

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$89,765.43

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.59 %

High school certificate or equivalent

33.08 %

Apprenticeship trade certificate/diploma

6.89 %

College/non-university certificate

22.83 %

University certificate (below bachelor)

1.09 %

University Degree

8.52 %

Commuter

Travel To Work

By Car

78.5 %

By Public Transit

5.18 %

By Walking

14.96 %

By Bicycle

0.0 %

By Other Methods

1.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

91.7 %

Houses

8.3 %

Own Vs. Rent

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