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4826 50 St 29,987 SF 100% Leased Office Building Red Deer, AB T4N 1X4 $3,399,000 CAD ($113.35 CAD/SF)
Executive Summary
Downtown Investment Opportunity! Located in the heart of downtown Red Deer, along busy 50th (Ross) Street, this 3-storey office building with two additional parking lots is available for sale. Bishop Place is 36,370 SF over 4 floors (including the basement). The building is anchored by long-standing main floor tenant, Rexall Pharmacy. There are 5 parking stalls at the rear of the building. Included in the sale are two additional parking lots on separate titles, located at 5010 48 Avenue, Red Deer (12,500 SF - 35 stalls) and 4819 51 Street, Red Deer (6,250 SF - 13 stalls). Both parking lots are fully paved and have power service and plug-in's for each stall. The building is located directly across from City Hall Park and just down the street from the Ross Street Patio. This is an excellent opportunity for an owner/user looking for office space downtown or investment. The properties are professionally managed by Sunreal Property Management.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
29,987 SF
Building Class
B
Year Built
2004
Price
$3,399,000 CAD
Price Per SF
$113.35 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,996 SF
Building FAR
2.29
Lot Size
0.30 AC
Zoning
C1 - Commercial
Parking
22 Spaces (0.73 Spaces per 1,000 SF Leased)
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Very bikeable
80/100
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4826 50 St
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