For Sale or Lease! Terrific Ross Street location across from City Hall Park. Half block to Court House, City Hall, Professional Building, Stantec Executive Place and the vibrant Ross Street Patio. New stone and stucco exterior, new front and rear windows, new elevator and new washrooms on main floor(2nd and 3rd flr washrooms will be completed for tenants). New digital access and security system. Main floor storefront ideal for retail uses. Ample parking available at rear of building. All floors have been cleared and are ready for new development. Landlord will consider demising into smaller spaces. Aggressive tenant improvement allowances or free rent available depending on size, term and covenant. Ideal opportunity to choose your location and design space that suits your needs. 2nd and 3rd floor rents $17/sq ft Main floor rents $20/sq ft. Purchase includes 18 total parking stalls at rear of building and a lot across the alley.More details
This is a prime opportunity to Own commercial land in the enviable Area of Down Town Red Deer. Close proximity to the Red Deer Regional Hospital, City Hall, Downtown Core and Major Arterial Roads makes this an excellent choice for your next development. Close to Public Transportation as well as features excellent Exposure Visibility to Some of Red Deer's Highest Traffic volumes
Also includes Lots: (3) 4322-52nd Avenue and (4) 4348-52nd AvenueMore details
Commercial Condo for sale in the highest quality "A" class office space in Downtown Red Deer. Generous parking for staff and clients, river views, high ceilings, tall floor to ceiling windows and signage opportunities. Quick access onto Gaetz Avenue. Easy access to bike and walking trails for staff to enjoy on their breaks or for healthy lifestyle commuting. Current businesses on site include Blue Cross, DynaLife Labs, All Service Insurance, and Dr. Bozdech Eye Clinic. This unit is at base building condition. There are office / medical and retail opportunities available. Condo fees include water and electricity.
Condo Fees are $2,061.24/month or TripleNet is estimated at $5.68/SFMore details
Backing onto a treed area this 15,547sq.ft. (foot print) building is located in North Red Deer and boasts the following features: Main Floor Office Area: Welcoming reception area with a beautiful large built in desk and waiting area complete with a gas fireplace, 12 Offices, Large work/copy/storage area and a Staff room with built in cabinets and a sink. Second Floor Office Area: 3+ Offices, Large Boardroom, Training room, Large work/storage/dispatch area and an additional small kitchen area. Shop Area: 7 Pull in bays all with 12’ X 14’ Bays doors with some sunshine panels, Bays are approx. 80’ Deep, Forced air Heater and Fluorescent lights throughout, Trench sump system throughout, 6,000lbs crane (runs North South), 1 Shop Office and 1 Caged parts area, Trench Sump System, 22’ rafter height and 23’ deck height, 18.6’ to the bottom of the crane way with a 17.6’ hook height, Power receptacles run along north fence line and there is also a dog run in place.More details
Excellent opportunity to invest in a 17 unit Apartment Building with a ton of extra's. All units have been upgraded over the past 12 years, 8 units have stacking washer's and dryers. All main floor units have their own private yards. All units have separate electrical meters which include their parking stall. New landscaping is being completed. Mix is 9 - 2 bedroom units (850-875sq ft) and 8 - 1 bedroom units(600-760 sq ft).More details
This is a well maintained industrial building is a 10 bay unit in Red Deer's popular Northlands Industrial Park sitting on a one acre paved lot.
Great investment opportunity or ideal for owner user with additional investment income available from rental bays.More details
Ready To Developed Bare Land In The Riveting New Development Area of Capstone. Located Beside Troubled Monk Brewery & Alongside Other Local Businesses. This Is A Great Opportunity To Build Now In Red Deer’s Newest Vibrant Mixed-Use Community. The south property line backs onto a park reserve and you are only a short distance away from walking trails along the Red Deer River.More details
Commercial Condo for sale in the highest quality "A" class office space in Downtown Red Deer. Generous parking for staff and clients, river views, signage opportunities, quick access onto Gaetz Avenue. Easy access to bike and walking trails for staff to enjoy on their breaks or for healthy lifestyle commuting. Current businesses on site include Blue Cross, DynaLife Labs, All Service Insurance, and Dr. Bozdech Eye Clinic.
This unit is a built out high end medical clinic, with high ceilings, floor to ceiling windows and is in move in condition. There are office /medical and retail opportunities available. Condo fees include water and electricity. Condo fees are $1,145.13/month or TripleNet is estimated at $5.58.More details
2 Properties for sale
4218 Hewlett Drive is 2.25 acres of land and 4212 Hewlett Drive is 2.04 acres consisting of 4 buildings.
• 2,207 SF Office Trailer
o Forced air heat, A/C
o Security system, video surveillance
o Front desk/reception area, large boardroom, copy room, small storage room, numerous offices
• 2,040 SF Shop
o One electric Sunshine OH Door 16’ x 15’
o 225 Amp main electrical service
o 120/240 volt 3 phase/4 wire
o OH Radiant Natural Gas heat
o Exhaust fans
o Security system, video surveillance
o One office
• 3 separate shop areas totalling 4,200 SF
o 1,800 SF permanent shop with 2 x 1,200 SF arched metal non-permanent shelters located at each end
o 1 16’x16’ electric sunshine OH door
o 2 20’x15’ electric OH end doors
o 400 Amp main electrical service
o 600 Volt 3 phase/4 wire
o OH Radiant Natural Gas heat
o Ceiling fans
o Floor drains
• 1,520 SF cold storage
o One insulated OH door
o Security system
o No heat or insulationMore details
Are you an investor? Here is an opportunity to be on the ground floor of this future city of Red Deer development of a new residential neighbourhood! The Future city development is planned on this 20.44 acres. The current plans are for this land to be part of the phase 1 or 2 of Hazlet Lake subdivision. Your own plans can be part of this planned neighbourhood for the city of Red Deer. Online existing plans are available for this unique opportunity. Opportunity is knocking!More details
Listing information last updated on July 22, 2018 at 03:13 AM (UTC)
All information displayed is believed to be accurate but is not guaranteed by Central Alberta REALTORS® Association and should be independently verified. No warranties or representations of any kind are made.
Red Deer enjoys an immediate trade area of over 270,000 people, while having Edmonton and Calgary within a 150km radius gives the city a wider market of two million people and two international airports, and access to over 15 million people in Western Canada and the U.S. Pacific Northwest further afield.
The whole region has been flourishing for years, and with a diverse and thriving economy that counts oil, gas, transportation, farming, retail and wholesale, a growing manufacturing sector, and a flourishing tourism trade as its major industries, Red Deer is all set to continue its recent boom, as evidenced below.
625 new Red Deer jobs were created in 2014/2015, and the city’s unemployment rate typically hovers around the 4-6% mark, well below the national average. Such figures are positive indicators for the continued success of commercial real estate investments in a city.
The population of Red Deer increased from around 66,000 in 2000 to 98,000 in 2014, and is expected to continue to grow for decades to come as families migrate to the area to enjoy the first class amenities, health and education, scenery and employment opportunities. In the city’s own economic study, a medium annual growth rate will see the population reach 128,000 in ten years, and hit 175,000 by 2041.
The city’s working age population alone is expected to almost double over the next 30 years, from 65,000 to 112,000, giving businesses both big and small the confidence to commence commercial real estate investment in Red Deer, where the entrepreneurial spirit is alive and well.
Red Deer also offers a financially favourable environment for enterprise to prosper. A recent study by KPMG found the city to be 4.8% more cost-effective for a business to operate in than Calgary, and 2.7% more than Edmonton.
A part of these lower operational costs can be attributed to the competitive advantages found in Red Deer. Permit-ready commercial and industrial lots are available, along with the following perks:
No business taxes
No capital tax
No machinery and equipment tax
No payroll tax
Corporate income tax of 10%, small business rate of 3%
Perhaps due in part to these conditions, the industrial vacancy rate in Red Deer is under 5%, with competition for commercial and industrial real estate meaning it is becoming more and more a landlord’s market. As an example, the first 12,000 square foot construction in Red Deer was already 75% leased before it had been built, further evidence that Red Deer is ripe for commercial real estate investment.
Permits are required for new builds in Red Deer, and 1612 of these were issued in 2014, compared to 1522 in the previous year. For the past three years running, new construction investment in Red Deer has topped $200 million, and this trend shows no signs of slowing; indeed, the city is demonstrating its confidence in itself with a number of development projects of its own.
The $30 million dollar revitalization of the G.H. Dawe Community Centre, the $23 million dollar RCMP building, a $27 million dollar, 12-storey executive office building and a $21.3 million dollar multi-level parking structure will all positively affect the commercial opportunities of the city and its population, and should provide confidence to those thinking of commercial real estate investment in Red Deer.
Further investment in revitalizing the downtown core is also in the pipeline, as are plans to continue to transform and enhance the historical downtown, improve cultural spaces along the Riverlands area, and redevelop the Railyard district into an effective urban residential space.
As the third most populous city in Alberta, with a thriving and diverse economy, low operating costs and a young and educated workforce, now is the time for commercial real estate investment in Red Deer.