Prime redevelopment land in the heart of Lloydminster's commercial district. This property features 3.95 acres of land and a 22,240 square foot building which is easily retrofitted in to individual commercial bays that can be rented or sold through conversion to a condominium title. This property is potential plus with enough land develop the site into several standalone buildings which could be leased or sold if the property was subdivided into smaller parcels. Many potential end uses are possible. The current building has a small office area approximately 3440 square feet, bathrooms and large open shop area with over 18,800 square feet. There are 14 grade doors with drive through bay possibilities, with the grade doors measuring 14' by 22'. There is enough power to accommodate most end users, and the shop is heated with several tube style radiant heaters which run east/west. If you are a developer, this property should be on your radar-if you have a use for current building then this is a great holding property which will be ready for redevelopment when you feel the timing is right.
Essential information
MLS® number
A2329701
Status
Active
Price
$3,100,000
Property type
Commercial
Type
Warehouse
Transaction
For Sale
Restrictions
None Known
Building area
22,240 sq ft
Lot size
172,933 sq ft
Year built
1991
Structure
Warehouse
Listing brokerage
Musgrave Agencies
Source
Pillar 9™ MLS® System
Interior
Heating
Floor Furnace, Radiant
Exterior and construction
Lot features
City Lot, Corner Lot
Zoning
GC
Community
Subdivision
LLMSRIDG
City
Lloydminster
Province
AB
Postal code
T9V 1P7
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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19 photos$3,499,000251223 Sunshine Road, Rural Rocky View County
