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4948 54th Avenue, Red Deer, AB, T4N 5K8

MLS® # A2290907
Commercial For Sale In Railyards, Red Deer, Alberta
$625,000

None Beds

4948 54Th Avenue, Red Deer, AB
4948 54Th Avenue, Red Deer, AB
4948 54Th Avenue, Red Deer, AB
4948 54Th Avenue, Red Deer, AB
4948 54Th Avenue, Red Deer, AB
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4948 54Th Avenue, Red Deer, AB
4948 54Th Avenue, Red Deer, AB
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4948 54th Avenue, Red Deer, AB, T4N 5K8
$625,000

Property Information:

Land and building for sale with optional Wallah signs business for sale. Inquire for more details. 0.48 Acres – Industrial Property with Redevelopment Potential in Red Deer RailyardsRare opportunity to acquire 0.48 acres of flat land with a 5,800 sq. ft. industrial building in the rapidly evolving Railyards district in the core of Red Deer. This property offers excellent potential for owner-users, investors, or future redevelopment as the City advances plans for medium- to high-density development in the area.The 5,800 sq. ft. warehouse and office building features a new roof, two operational manual cranes, and approximately 600 sq. ft. of additional usable second-floor storage, providing practical functionality for industrial, fabrication, or light manufacturing uses.The property is currently home to Wallah Signs, offering the opportunity to operate a cash-flowing business while holding the real estate for future redevelopment potential.Bring your ideas—continue operating the existing business, reposition the building, or hold the property as the surrounding Railyards community continues to develop.Opportunities like this in the core of Red Deer are increasingly rare.

Inclusions: All

Property Features:

  • Built in: 1962
  • Floor Space (approx): 5870.00 Square Feet
  • Zoning: DC(28)
  • No. of Parking Spaces: 25

Courtesy of: CIR Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

Single family detached

8.98%

Price change (1 year)

29.14%

Price change (5 years)

All Properties

7.46%

Price change (1 year)

27.06%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 4948 54th Avenue, Red Deer, AB, T4N 5K8

Demographic Information of 4948 54th Avenue, Red Deer, AB, T4N 5K8

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$85,511.46

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.77 %

High school certificate or equivalent

33.25 %

Apprenticeship trade certificate/diploma

8.79 %

College/non-university certificate

20.21 %

University certificate (below bachelor)

0.94 %

University Degree

13.05 %

Commuter

Travel To Work

By Car

89.22 %

By Public Transit

2.69 %

By Walking

7.81 %

By Bicycle

0.0 %

By Other Methods

0.28 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

71.24 %

Houses

28.76 %

Own Vs. Rent

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