4717 49 Street

Downtown Red Deer (Red Deer) Red Deer T4N 6B9

Prime opportunity in the heart of downtown Red Deer. This commercial parking lot at 4717 49 Street is zoned C-1 and is priced below the current City of Red Deer tax assessment, offering strong value for investors or businesses looking to secure a central location. 49 Street is one of Red Deer’s key downtown corridors placing this property in a high-visibility, high-traffic area with excellent access to surrounding businesses, services, restaurants, and downtown amenities. C-1 zoning (City Centre Commercial Zone) provides a wide range of permitted and discretionary uses, making this property more versatile than simply a parking lot. Some of the permitted uses under C-1 zoning include high density residential, mixed-use development, professional offices, retail stores, personal services, medical or dental clinics, business support services and many more. Whether you’re looking to continue using the site as a parking facility or explore future redevelopment options in a prime downtown location, this property offers flexibility, visibility, and long-term potential at a compelling price point.