A rare opportunity to acquire a three-parcel commercial land assembly positioned in Red Deer’s Capstone District along 43 Street. This offering includes 5506, 5414, and 5420 43 Street, combining for a total building area of approximately 14,736 sq. ft. situated on a 5,086.02 sq. m. site.The properties contain four commercial buildings with three tenants in place, creating immediate holding income while a purchaser advances redevelopment plans. The site lies within the CAP-TD (Capstone – Transit Oriented Development) district, where the City has identified strong interest in facilitating a commercial mixed-use, multi-tenant redevelopment.CAP-TD zoning supports higher-density, market-driven development forms including street-level commercial, office, multi-storey residential, hospitality, and flexible mixed-use options, aligning with Capstone’s long-term riverfront vision. The assembly enjoys excellent access, strong visibility, and is located just a few blocks from the Red Deer Regional Hospital, a major regional anchor and employment hub.With its positioning near the downtown core, trail system, and ongoing municipal investment in the Capstone area, this land assembly offers both current income and significant future redevelopment potential in one of Red Deer’s most actively supported urban districts. (id:47421)
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Detailed Information
Lease Type
Triple Net
Listing Contract Date
2025-11-20
Municipal ID
0014031538
Ownership Type
Freehold
Plan
7722940
Property Type
Office
Transaction Type
For sale
Zoning Description
CAP-TD
Building
Constructed Date
1976
Size (Exterior)
14736 square feet
Total Finished Area
14736 sqft
Type
Offices
Land
Total Size
5086.02 square meters
Acreage
Yes
Size of Irregular Land
5086.02
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