38,817 ft²Office$4,200,000Sale
38,817 ft²
Office
$4,200,000
Sale
Download Brochures
Receivership sale opportunity in the heart of Downtown Red Deer. This 42,091 SF commercial property is situated on 0.96 acres along the high-exposure 51 Avenue corridor and offers a value-add investment with significant lease-up potential. The two-storey building benefits from C-1 (Commercial City Centre) zoning, allowing for a wide range of retail, office, educational, medical, and service commercial uses.
Approximately $2.48 million has been invested in recent capital improvements, including extensive exterior upgrades, renovated common areas, electrical improvements, sprinkler installation, and substantial daycare tenant improvements. The property features on-site parking, a rare amenity within the downtown core, with potential for additional stalls through reconfiguration of the existing playground area.
Located within Red Deer’s primary commercial district, the property offers excellent connectivity to Gaetz Avenue, Taylor Drive, and Highway 2. Existing tenants include H&R Block, Dream Start Daycare, and Pathways Home Family Counselling. Offered for sale on an as-is, where-is basis through a Court-appointed receivership process.
The Space
Asking Price$4,200,000
Available Space38,817 ft²
ZoningCity Centre Commercial Zone: C-1
Parking Spaces36
SourceSalomons Commercial
The Building
Two storey office building
Property TypeOther
Building Size38,817 ft²
ZoningCity Centre Commercial Zone: C-1
Parking Spaces36
Copyright 2026 Salomons Commercial. Information deemed reliable but not guaranteed.
Up to $500K for Alberta businesses
Need help paying suppliers, covering renovation and repair costs, or hiring new employees? Merchant Growth has flexible financing solutions for any situation.
