2929 50 Av - Commercial LAND FOR SALE


Red Deer, AB T4R 1H1 130,244 SF
$2,121,000-$5,523,000 CAD
403-314-6187
2929 50 Av, Red Deer, AB for Sale
$2,121,000-$5,523,000 CAD
Commercial LAND - FOR SALE
1/4
130,244 SF

2929 50 Av
Red Deer, AB T4R 1H1


HIGHLIGHTS

  • High Exposure Location
  • Exposed to 20,000+ vehicles daily
  • Close Proximity to Major Retailers

OVERVIEW

Black Knight Inn was a former 98 room landmark hotel in Red Deer but given the sharp downturn in the hospitality industry and the age and condition of the buildings, the new owners have made the difficult decision to redevelop the property with the removal of the hotel to be completed in early to mid 2022. The site is a 2.63 acre corner lot situated on a major arterial road in the heart of Red Deer's south retail node. It's located at the controlled intersection of 30th Street and Gaetz Avenue and is just south of one of Red Deer's busiest intersections (32nd Street). Minutes away from all major retailers including Canadian Tire, Walmart, Home Depot, Lowes, and Hudson's Bay, this site can be redeveloped into a variety of uses including anchor box, general retail, hotel, mixed-use, medical, and multi-family. The north 3 acres of the property has been sold.

FOR SALE DETAILS

PRICE

$2,121,000-$5,523,000 CAD

PRICE/ACRE

$1,847,163/AC

PRICE/SF

$42 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Hold for Development

LAND ACRES

2.99 AC

LAND SF

130,244 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C4

APN/PARCEL ID

0039192679

ASK ABOUT THIS PROPERTY

Brett SalomonsSalomons CommercialMore Info
403-314-6187

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brett SalomonsSalomons CommercialMore Info
403-314-6187

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.