$625,000
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4948 54Th Avenue, Red Deer, AB T4N 5K8

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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 ideascontinue 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.

Listing By: Justin Gaspari - CIR Realty cnpilar Realty.com
  • MLS® A2290907
  • Date Listed03/04/2026
  • Days on Realty 95 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Subdivision Railyards
  • County Red Deer
  • Year Built 1962

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T4N 5K8

Discover key demographics, population statistics, and environmental insights for the Red Deer, AB area.

Walkability in AB / T4N 5K8

Source: Walk Score

82/100

Very Walkable

Walk Score ®

48/100

Some Transit

Transit Score ®

59/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

22 nearby routes: 22 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 36/100, Transit Score: 30/100, Bike Score: 45/100.

Points of Interest near 4948 54th Avenue, Red Deer, AB T4N 5K8

Frequently Asked Questions for 4948 54th Avenue

Source: Realty.com

4948 54th Avenue, Red Deer, AB T4N 5K8 in Railyards, Red Deer, AB T4N 5K8 is a industrial listed at $625,000. Highlights include built in 1962. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 50 photos of 4948 54th Avenue.

Our records indicate that 4948 54th Avenue was built in 1962.

The full address for this home is 4948 54th Avenue, Red Deer, AB T4N 5K8.

4948 54th Avenue has been listed on Realty.com since Wed March 04, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 36/100, Transit Score: 30/100, Bike Score: 45/100.

Listing provided courtesy of: CIR Realty (tel: 403-271-0600)
Listing agent: Justin Gaspari (tel: 403-371-2188)

This content last refreshed on 2026-06-07 13:42:05. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.