Up for offer is a 133 room Travelodge Motel/Hotel in the city of Red Deer in an Incredible location. The property is located near major shopping areas, Entertainment Facilities, Restaurants and pubs and a short drive to the Red Deer College. The rooms are as follows: (40 rooms) with 1 King size bed. 2 of these rooms have partial Kitchenettes. (48) Outside rooms with 2 Queen size beds and (19) Inside rooms with 2 Queen size beds. (3) Suites. The property is also equipped with the following: Indoor Pool, Business Center, Breakfast dining area, Guest Laundry, WiFi, General managers office, front reception area, elevator and vending machines. There is a total of 120 parking stalls.More details
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 $15/sq ft Main floor rents $18/sq ft. Purchase includes 18 total parking stalls at rear of building and a lot across the alley.More details
Investment opportunity! Commercial condo for sale in the highest quality 'A' class office space in downtown Red Deer. Generous parking for staff and clients, with underground parking stalls available to purchase for $17,500. The building has river views, signage opportunities and quick access onto Gaetz Avenue. Condo fees include water and electricity. This second floor unit has a long term lease in place, high ceilings, and large windows. Condo fees are $6,118.95 per month or additional rent is estimated to be $9.28 per SF.More details
Fantastic Opportunity to Own One of The Best Development Locations in Downtown Red Deer, with CASHFLOW and Future Development Potential. Multiple Lots adding up to over 55,000sq.ft. of Downtown Land. Excellent Location Surrounded By Established Professional Businesses & Government Buildings. Addresses of the combined lots are as follows : (4709 - 4719) – 49th Ave Red Deer, AB , (4821 – 4825) – 48th Street Red Deer, AB, (4810 – 4824) – 47th Street Red Deer, AB.More details
Commercial Condo for lease or sale in the highest quality "A" class office space in Downtown Red Deer. Generous parking for staff and clients with underground parking stalls available for purchase for an additional $17,500 Building has river views, high ceilings, large 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. There are office /medical and retail opportunities available. TripleNet is estimated at $9.28/SF/Annum and includes condo fees, water, electricity, taxes and building management fee.More 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
Commercial condo for sale in the highest quality "A" class office space in downtown Red Deer. Generous parking for staff and clients with underground stalls available for purchase for an additional $17,500. River views, signage opportunities, quick access onto Gaetz Avenue. This unit is a build out, high end medical clinic with high ceilings, floor to ceiling windows, and is move in ready. TripleNet is estimated at $9.28/SF/Annum and includes condo fees, water, electricity, taxes and building management fee.More details
Ready to be Developed Bare Land in The Riveting New Development Area of Riverlands/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 & You Are Only a Short Distance Away From Walking Trails Along the Red Deer River.More details
Listing information last updated on November 14, 2018 at 11:13 PM (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.