4919 47 Street, Camrose AB

This is your chance to acquire one of Camrose’s most iconic heritage buildings — a provincially designated 18,000 sq ft commercial landmark with income in place and major redevelopment potential. Located right in the downtown core, this property offers unmatched character, visibility, and long term upside. The main floor (6,000 sq ft) is leased to a long standing restaurant tenant delivering reliable annual income.

The second floor (6,000 sq ft) and basement (6,000 sq ft) are vacant and ready for transformation — boutique hotel, offices, studios, event venue, or mixed use redevelopment. With flexible C1 zoning, the property supports retail, restaurants, offices, personal services, entertainment venues, and even upper floor residential or hotel uses, giving buyers exceptional freedom in shaping its future. As a heritage designated property, the building does qualify for provincial heritage conservation grants.

Much of the building’s plumbing, electrical, and water systems have been upgraded, enhancing reliability and reducing future capital investment. These improvements support modern commercial operations while preserving the building’s historic charm.