$750,000 Sale

Listed 16 days ago

4930 50 Street

MLS® a2348392 Mixed Use

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Beds · 0

Baths · 0

Parking · 2

Sqft · -

Est. mortgage

$2,845/mo

Key Facts

Key facts for 4930 50 Street

Property Type

Other

Parking

2 parking

MLS #

A2348392

Size

Basement

Listed on

Lot size

Days on Market

Year Built

1929

Maintenance Fee

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 ten...ancy includes the full developed basement, which houses the working kitchen, prep area, office, washroom and storage. Approximately 2,500 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.

Full Property Details

Interior

Washrooms

Heating