MLS® A2348392 · Active

4930 50 Street

Red Deer, Alberta

$750,000

Source-listed price. Confirm sale or lease terms and availability.

Property photographs

Property details

MLS®

A2348392

Status

Active

Property type

Other

City

Red Deer

Year built

1929

Living area

3413 square feet

Listing brokerage

KIC Realty

About this property

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:65883)

Location

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Listing information provided through CREA DDF®. Listing courtesy of KIC Realty. Source attribution · REALTOR.ca

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