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Red Deer land sold to neighbours for new commercial development

Owners of neighbouring medical centre purchased 1.71-acre site for $3 million
DD Red Deer land for commercial development medical centre

The owners of the South Gaetz Medical Centre in Red Deer, Alberta, have purchased an adjacent 1.71-acre site for parking and future commercial development, reports Re/Max Complete Commercial Red Deer.

Breakdown:

Property type: Land for development

Location: 50 Avenue

City: Red Deer, Alberta

Land size: 1.71 acres

Zoning: C1

Sale price: $3 million

Date of sale: October 3, 2019

Vendor: KLB Group Ltd.

Buyer: South Gaetz Medical Centre Ltd.

Brokerage: Re/Max Complete Commercial Red Deer

Brokers: Cam Tomalty, Jeremy Makila and Glenn Moore