5
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$3,500,000
Est. payment /mo
1.52 Acres Lot
Active
4845 79 ST #1-14 Red Deer, AB T4P 2T4
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Northlands Industrial Park
MLS® Listing ID A2346956
Year Built 1980
Annual Tax Amount $54,112
Tax Year 2026
Lot Size 1.517 Acres
Acres 1.52
Property Sub-Type Industrial
Source Central Alberta
Property Description
Turn-key 14-bay, 11 tenant industrial investment in Red Deer's sought-after Northlands Industrial Park. Built in 1980, this 20,480 SF single-storey Class B building offers 20' clear ceiling height on a 1.52 acre site with excellent access to 49 Avenue, Highway 11A, and the QEII Highway corridor. Fully leased to a diverse roster of established local trades and service tenants — several with 9 to 15+ years of continuous, uninterrupted occupancy — the property generates $233,480 in current annual base rent ($11.40 PSF weighted average), plus a fixed $4.50 PSF additional rent that fully recovers operating costs. Held as a single-owner bare land condominium corporation, this building can be acquired as a stabilized bulk investment or repositioned over time through a unit-by-unit strata sell-off. With Red Deer's industrial vacancy near 4% and minimal new supply given today's construction costs, well-located multi-tenant assets like this one offer a rare combination of in-place income and long-term upside in Alberta's third-largest city. Zoned I-1, Industrial Business Service Zone.
Location
Province AB
County Red Deer
Zoning I-1
Interior
Heating Ceiling, Forced Air, Natural Gas
Others
Restrictions Call Lister
Tax ID 113498669
Ownership Private
Listed by Century 21 Maximum
NEARBY SCHOOL & BUSINESS
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