780-832-5880

6888 50 Avenue
Red Deer (A2088941)

$1,895,000
4,414 ft²
Note: This property may have a conditional offer. Talk to us for details.
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Loan Amount
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* Amounts are estimates only. Final payment amounts may vary.

Description

**SALE LEASEBACK OPPORTUNITY! Vendor is willing to provide a lease for the vacant building up to one year, at a lease rate to be based on the sale price!** Situated on an attractive corner lot along Red Deer’s main corridor, this property has the unique distinction of featuring two independent single-occupant commercial buildings, each with a relatively smaller footprint which is uncommon yet desirable. The west building (1,636sf) was custom-built for a automotive lube shop, which has been in operation since 2002. The current lease expires August 31, 2027. The east building (2,778sf) is vacant and had been occupied by Circle K (Mac’s) also since 2002. This is an incredible opportunity for both solely investors, or for owner/occupier/investors due to the ability to operate a business in the high-profile east building, with Gaetz Ave frontage, while capturing a revenue stream from a first rate Tenant in the west building. There is extraordinary exposure to Gaetz Ave with the buildings alone, plus an added benefit of a large pylon sign, with each building having its own panel. Further, the property is easily accessible, with three convenient access points to the site. Very well maintained and cared for, this is a prime piece of commercial property in the City.

Property details

Basic Info

MLS® #
A2088941
Property Type:
Commercial
Subtype:
Retail
Subdivision:
Normandeau
Price
$1,895,000
Sale/Lease:
For Sale
Size:
4,414 sq.ft.

Building Info

Structure Type:
Retail
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Lot Size:
0.65 acres
Zoning:
C4

Listing Info

Possession:
Immediate
Days on Market:
192
Your Realtor
  • Cord Spero

    RE/MAX Grande Prairie
    780-832-5880

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