42,091 SF Downtown Red Deer Commercial Property – Receivership Sale

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.