Space
Finished area and layout
- Building Area
- 20,480 sqft
- Above Grade
- 20,480 sqft
- Finished Breakdown
- Above 20,480 sqft
20,480 sqft
Building Area
1.52 ac
Lot
1980
Year Built
Property Snapshot
Key details for this listing
MLS #A2346956
Property
Type, style and structure
- Type
- commercial
- Style
- industrial / Industrial
- Ownership
- Freehold
- Year Built
About This Property
This industrial in Red Deer offers 20,480 sqft of building area on a 1.52 ac lot. Built in 1980. The property has lot dimensions of 66076.40. The home features forced air, natural gas, other heating.
MLS Remarks
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. (id:60351)
Full Listing Details
Address1-14, 4845 79 Street
MLS#A2346956
Listing StatusActive
Property TypeCommercial
Sub-TypeIndustrial
TransactionSale
Days on Market33
Common InterestFreehold
Annual Tax$54,112 (2026)
StyleIndustrial
Year Built1980
Living Area20,480 sqft
Above Grade Area20,480 sqft
CityRed Deer
ProvinceAlberta
Postal CodeT4P2T4
SubdivisionNorthlands Industrial Park
Lot Size1.52 ac
Lot Dimensions66076.40
Zoning DetailsI-1
HeatingForced air, Natural gas, Other
Annual Tax$54,112 (2026)
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