170-5002 55 Street Red Deer, AB
$ 1,190,000
Property Attributes
  • ML#A1051357
  • TypeCommercial
  • CityRed Deer
  • NeighbourhoodRailyards
  • Postal CodeT4N 7A4
  • Style
  • Price$ 1,190,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3250
Listing Provided Courtesy Of:
Wesley Giesbrecht with Century 21 Advantage
Data Source:
Property Description

Situated on GAETZ AVE South, The Elements at Rivers Edge! Unit #170, this professional condo-office space, superb visibility and fully tenanted. Strong tenant with a solid triple net lease in place, this elegantly finished office spaces boasts 3,250 sq ft ($369.00/PSF) currently set up as 10 individual office spaces, along with 2 baths. Featuring 8 titled parking spots, two of which are underground/ heated. Secured access doors, strong neighbouring professionals such as insurance, dental, healthcare, legal and more. Thinking of owning and operating?? Work and live in the same building! A part of Red Deer's most exclusive condominium living development available with residential condos ranging from $500k to $2Mill with spectacular views and amenities. As an investment, this is an excellent income generator property for those looking for commercial income property, bringing in just over $94,000/ year in gross income (base + NNN included) Condo fees are $1,304.32/month Visit realtors website today to find out more on this exclusive, fully developed professional office condo today!

General Features

Garage no
Listing Type Commercial
Parking no
Suite Number 170
Terms SALE
Wheel Chair Access no
Zoning DC3

Interior Features

Fireplace no

Exterior Features

Pool Y/N no


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T4N 7A4

AVG $1.19M
AVG 98
Year Built
AVG 2012
AVG 51
Data Provided by Walkscore ® not using MLS data