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Azra Bagga

ASSOCIATE BROKER, REALTORĀ®, ABR

  • Office 780-431-5615
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Courtesy Of Lee Smithson Of RE/MAX Real Estate

439 Memorial Pk, Rural Red Deer County, AB – $12,500,000

  • $12.5M Price
  • 51,723 Sqft
  • 1.61 Acres
  • $12.5M Price
  • 51,723 Sqft
  • 1.61 Acres

439 Memorial Pk

INVESTMENT OPPORTUNITY! The Suites is a unique hybrid tenancy model that is part apartment and part hotel (aka Apartel). This 92 Suite Apartel consists of furnished studio and 1 bedroom short term rentals along with unfurnished monthly rental units. Suites can be converted from non-furnished to furnished suites depending on demand. Every suite has kitchen, internet and cable service. In suite/coin op shared laundry and/or commercial linen services are available. Profitable building with low vacancy rates located in the Gasoline Alley West Business Park in Red Deer County.

Essential Information

  • MLS® #E4145035
  • Price$12,500,000
  • Square Footage51,723
  • Acres1.61
  • Year Built2017
  • TypeBusiness with Property
  • StyleHotel/Motel
  • StatusACTIVE

Sub-Type

Accommodation/Travel and Tourism

Community Information

  • Address439 Memorial Pk
  • AreaRed Deer County
  • SubdivisionNone
  • CityRural Red Deer County
  • ProvinceAB
  • Postal CodeT4E 1Z8

Amenities

Amenities

Alarm System, Emergency Lighting, Natural Light, Paved Yard, Parking-Visitor, Elevator Passenger, Laundry Facility, Detectors Smoke, Hot Water Natural Gas, Laundry-Coin-Op, Laundry-In-Suite

Features

Paved Lot, Pylon/Sign, Highway Access, Low Maintenance Landscape

Interior

  • HeatingHot Water, See Private Remarks
  • # of Stories4

Exterior

  • ConstructionWood Frame

Additional Information

  • ZoningDCD-9

Listing Details

Office

Courtesy Of Lee Smithson Of RE/MAX Real Estate

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Courtesy Of Lee Smithson Of RE/MAX Real Estate.

Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.

Copyright 2019 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on September 17th, 2019 at 9:16am CDT.