403-391-0669
4901 48 St, Red Deer, AB for Sale
Office - FOR SALE
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4901 48 St
Red Deer, AB T4N 6M4


HIGHLIGHTS

  • Upgraded elevators, renovated common areas, and advanced building security systems.
  • Fibre optic connectivity and essential infrastructure for modern operations.
  • 160 on-site surface parking stalls offering competitive parking ratios.
  • Situated at a high-profile downtown intersection near retail, dining, and services.
  • Accessible via Gaetz Avenue and major thoroughfares, with proximity to transit options.
  • Zoned C1, permitting a broad range of commercial office uses.

OVERVIEW

Parkland Square is a well-located Class B office building in the heart of Downtown Red Deer at the prominent intersection of Gaetz Avenue and 48 Street. The six-storey property offers approximately ±71,053 SF of gross area with ±66,912 SF of rentable space and a typical floor plate of ±10,000 SF, providing flexibility for a range of tenants. Multiple suites are currently available, ranging from ±6,695 SF to ±10,562 SF across several floors. Built in 1980 and situated on ±1.13 acres, the building features upgraded elevators, renovated common areas and washrooms, and a comprehensive security system with tenant fob access, controlled floors, and on-site security. Tenants benefit from fibre optic connectivity, extensive exterior site upgrades, and ±160 surface parking stalls, offering an attractive parking ratio of approximately ±2.4 stalls per 1,000 SF. Zoned C1 – Commercial (Downtown / Central Business), Parkland Square represents an excellent opportunity for office users seeking a central, amenity-rich downtown location.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

160

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

C1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Blair McArthurColliersMore Info
403-391-0669

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Blair McArthurColliersMore Info
403-391-0669

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