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4909 48 ST Red Deer, AB T4N 1S8
8,288 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Red Deer
MLS® Listing ID A2340435
Tax Year 2026
Lot Size 8,288 Sqft
Acres 0.19
Lot Dimensions Approx 127.5' x 65
Property Sub-Type Commercial Land
Source Central Alberta
Property Description
This 0.19 acre (approx 8,290sf) commercial development site offers a rare opportunity to acquire a strategically located parcel in the heart of Downtown Red Deer. Zoned C-1 City Centre Commercial, the property provides flexible redevelopment potential for a variety of office, retail, commercial and mixed-use concepts, subject to municipal approvals. Positioned within Red Deer's downtown core, the site benefits from strong visibility, pedestrian activity and convenient access to major transportation routes, including nearby Gaetz Avenue. The property is within walking distance of City Hall, the downtown transit terminal, restaurants, retail, professional services and other civic and commercial amenities. Neighbouring businesses and institutions include Servus Credit Union, Red Deer Justice Centre, Schnell Hardy Jones LLP and Red Deer City Hall, contributing to an established professional and commercial setting. The C-1 zoning provides potential for a range of redevelopment concepts, including office, retail, mixed-use residential and commercial development, and apartment or condominium projects, subject to City approval. With limited development land available in the downtown core, the property represents an opportunity for developers, investors or owner-users looking to establish a presence in a central, highly accessible location. Property is to be sold as is, property taxes to be established upon a sale. Sale is subject to a Commitment to Develop in accordance with the terms and conditions of the Purchase and Sale.
Agreement.
Agreement.
Location
State AB
County Red Deer
Zoning C-1
Exterior
Fence None
Others
Restrictions Call Lister
Tax ID 113597503
Ownership Local Government
Listed by Salomons Commercial