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Red Deer development site sells over list price

A 3,800-square-foot commercial building on a 0.67-acre development site sold for $1.3 million.
Western Investor Staff
Re/Max Complete Commercial Red Deer 50th Avenue
Re/Max Complete Commercial Red Deer for Western Investor

Property type: Office/development site
Location: 2404 South Gaetz Avenue, Red Deer, Alberta
Property size: 3,800 square feet
Land size: 0.67 acres
Zoning: I1 (discretionary commercial)
List price: $1.25 million
Sale price: $1.3 million
Date of sale: May 15, 2020
Brokerage: Re/Max Complete Commercial Red Deer
Brokers: Jeremy Makila, Glenn Moore and Cam Tomalty