4948 54th Avenue
Active Listing

4948 54th Avenue

4948 54th Avenue, Red Deer

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$625,000Price
5,870Sq Ft

Land and building for sale with optional Wallah signs business for sale.

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Land and building for sale with optional Wallah signs business for sale. Inquire for more details. 0.48 Acres – Industrial Property with Redevelopment Potential in Red Deer Railyards Rare opportunity to acquire 0.48 acres of flat land with a 5,800 sq. ft. industrial building in the rapidly evolving Railyards district in the core of Red Deer. This property offers excellent potential for owner-users, investors, or future redevelopment as the City advances plans for medium- to high-density development in the area. The 5,800 sq. ft. warehouse and office building features a new roof, two operational manual cranes, and approximately 600 sq. ft. of additional usable second-floor storage, providing practical functionality for industrial, fabrication, or light manufacturing uses. The property is currently home to Wallah Signs, offering the opportunity to operate a cash-flowing business while holding the real estate for future redevelopment potential. Bring your ideas—continue operating the existing business, reposition the building, or hold the property as the surrounding Railyards community continues to develop. Opportunities like this in the core of Red Deer are increasingly rare.

Specifications

Property Details

Property TypeCommercial
Property SubtypeIndustrial
StructureIndustrial
Transaction TypeFor Sale
Living Area5,870 sq ft
Building Area5,870 sq ft
Year Built1962
Parking Total25
Annual Taxes$7,818 (2024)
ZoningDC(28)
PossessionNegotiable
Occupant TypeOwner
Title / LandFee Simple
InclusionsAll
Days on Market55
ListedMarch 4, 2026
NeighbourhoodRailyards
MLS NumberA2290907
The Location

Railyards

4948 54th Avenue, Red Deer, Alberta, T4N 5K8

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Your Luxury Real Estate Specialist

Inquiries & Private Showings

Spencer Rivers

Calgary luxury real estate specialist. Whether you are looking to buy, sell, or simply want more information about this property, I am here to help.

Listing courtesy of CIR Realty.

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2024 are $7,818. Contact Spencer Rivers for the most recent assessment documents.
Is a private viewing available?expand_more
Yes, private viewings are available by appointment. Contact Spencer Rivers at 403-966-9237 or visit our contact page to schedule a showing.
What is the listing status?expand_more
This property is currently Active. MLS A2290907. Listed March 4, 2026. Listed by CIR Realty.

Ask About This Property

Get in touch with Spencer Rivers for a private showing, detailed floor plans, or more information about this listing.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board (CREB). The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Data last updated: April 29, 2026.