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Redwater Centre 5303 48 Ave 22,000 SF Vacant Retail Building Redwater, AB T0A 2W0 $2,200,000 CAD ($100 CAD/SF)
EXECUTIVE SUMMARY
NAI Commercial Real Estate has been retained by the Court of King’s Bench of Alberta on an exclusive basis to arrange for the Judicial sale of a unique multi-tenant investment
property prominently located on 48 Avenue (Highway 38) in Redwater. The centre has a complimentary mix of retail and residential tenancies. The property provides an excellent opportunity for a portion of the asset to be occupied by a medical, professional or retail owner user.
- Rare opportunity for investors and/or professional & retail users to occupy and secure a high profile income producing asset in Redwater
- Staggered lease terms with community driven tenant mix and built in rent escalations
- Marquee corner site offering high exposure to 3,660± vehicles per day on Highway 38 (48 Avenue)
property prominently located on 48 Avenue (Highway 38) in Redwater. The centre has a complimentary mix of retail and residential tenancies. The property provides an excellent opportunity for a portion of the asset to be occupied by a medical, professional or retail owner user.
- Rare opportunity for investors and/or professional & retail users to occupy and secure a high profile income producing asset in Redwater
- Staggered lease terms with community driven tenant mix and built in rent escalations
- Marquee corner site offering high exposure to 3,660± vehicles per day on Highway 38 (48 Avenue)
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
22,000 SF
Building Class
B
Year Built
2020
Price
$2,200,000 CAD
Price Per SF
$100 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.48
Lot Size
1.06 AC
Zoning
C2
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1
- 1,553 SF
- Retail
- -
- Now
- 2
- 1,551 SF
- Retail
- -
- Now
- 4
- 1,551 SF
- Retail
- -
- Now
- 5
- 1,546 SF
- Retail
- -
- Now
- 6
- 2,628 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1 | 1,553 SF | Retail | - | Now |
| 2 | 1,551 SF | Retail | - | Now |
| 4 | 1,551 SF | Retail | - | Now |
| 5 | 1,546 SF | Retail | - | Now |
| 6 | 2,628 SF | Retail | - | Now |
1
| Size |
| 1,553 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2
| Size |
| 1,551 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
4
| Size |
| 1,551 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
5
| Size |
| 1,546 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
6
| Size |
| 2,628 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
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Redwater Centre | 5303 48 Ave
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