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  • 4930 50 Street, Red Deer, Alberta, T4N1X7 (116085741)
  • 4930 50 Street, Red Deer, Alberta, T4N1X7 (116085741)
  • 4930 50 Street, Red Deer, Alberta, T4N1X7 (116085741)
  • 4930 50 Street, Red Deer, Alberta, T4N1X7 (116085741)
  • 4930 50 Street, Red Deer, Alberta, T4N1X7 (116085741)
  • 4930 50 Street, Red Deer, Alberta, T4N1X7 (116085741)
  • 4930 50 Street, Red Deer, Alberta, T4N1X7 (116085741)
  • 4930 50 Street, Red Deer, Alberta, T4N1X7 (116085741)
  • Price 750,000
  • Mixed Use For Sale
  • MLS A2348392
  • 3,413
4930 50 Street
Red Deer, Alberta T4N1X7
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.

Details
  • TransactionFor Sale
  • NeighbourhoodDowntown Red Deer
  • Commercial TypeMixed Use
  • Building NameFarthing Block
  • Business TypeRestaurant
  • Building Size3,413 sqft
  • FoundationPoured Concrete
  • Air ConditioningCentral Air
  • HeatingBaseboard, Electric, Make-up Air
  • Inclusionssee schedule
  • ZoningC-1
  • Year Built1929
Listing Agent
All information displayed is believed to be accurate but is not guaranteed by Central Alberta REALTORS® Association and should be independently verified. No warranties or representations of any kind are made.