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5212 48th St
Red Deer, AB T4N 7C3
Retail Property For Sale
·
25,526 SF
INVESTMENT HIGHLIGHTS
- Prime location near Taylor Drive with excellent accessibility.
- Situated in a thriving community with robust amenities.
- Built in 2001 with modern design and professional appeal.
EXECUTIVE SUMMARY
Heritage Village Condos at 5212 48 Street in Red Deer, Alberta presents a prime investment opportunity in a well-established mixed-use development. Built in 2001, this property combines professional office and retail spaces within a vibrant community setting. Strategically located near Taylor Drive, it offers excellent visibility and convenient access to major thoroughfares, ensuring strong connectivity for tenants and visitors alike. The surrounding area features a dynamic mix of residential neighborhoods, retail amenities, and professional services, creating a steady flow of foot traffic and reinforcing long-term value.
PROPERTY FACTS
| Total Building Size | 25,526 SF | Floors | 2 |
| Property Type | Retail | Typical Floor Size | 12,763 SF |
| Property Subtype | Storefront | Year Built | 2001 |
| Building Class | B | ||
| Zoning | DC(6) - Direct Control District (6) | ||
| Total Building Size | 25,526 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 12,763 SF |
| Year Built | 2001 |
| Zoning | DC(6) - Direct Control District (6) |
AMENITIES
- Security System
2 UNITS AVAILABLE
Unit C105
| Unit Size | 2,203 SF | Cap Rate | 6.95% |
| Condo Use | Retail | NOI | $53,156.22 CAD |
| Sale Type | Investment or Owner User |
| Unit Size | 2,203 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.95% |
| NOI | $53,156.22 CAD |
DESCRIPTION
The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area.
SALE NOTES
Prime investment opportunity to purchase two condos in Heritage Village, Red Deer. This busy commercial center offers professional property management, excellent parking for staff and clientele, easy access to Taylor Drive and Ross Street, steps away from the newly anticipated Capstone development, Red Deer River trail system, and the Red Deer Regional Hospital. Unit A203 is a second floor sale-leaseback opportunity with Shajani CPA, Chartered Professional Accountants & Advisors. The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area. Preference is to sell both units together as a package.
Unit A203
| Unit Size | 2,506 SF | Cap Rate | 7.51% |
| Condo Use | Office | NOI | $46,585.07 CAD |
| Sale Type | Investment or Owner User |
| Unit Size | 2,506 SF |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.51% |
| NOI | $46,585.07 CAD |
DESCRIPTION
The unit features a large reception and waiting area, boardroom, private offices, plenty of natural light, and large building signage facing Taylor drive and the common parking area. Unit C105 is main floor retail medical condo leased by Connect Hearing who have been tenants since 2013. The unit has tasteful upgrades, large reception and waiting area, nursing station, private exam rooms, and a large lunchroom / kitchenette area.
SALE NOTES
Prime investment opportunity to purchase two condos in Heritage Village, Red Deer. This busy commercial center offers professional property management, excellent parking for staff and clientele, easy access to Taylor Drive and Ross Street, steps away from the newly anticipated Capstone development, Red Deer River trail system, and the Red Deer Regional Hospital. Unit A203 is a second floor sale-leaseback opportunity with Shajani CPA, Chartered Professional Accountants & Advisors. Preference is to sell both units together as a package.
