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Lot 7 at Teroloma Village Commons in Drayton Valley offers wonderful development potential! The 3.78 acre lot is located 1 block east of main street (50th street) w/ great visibility from main street given its increased elevation. The lot offers street frontage on both 46th ave. & 47th street, accesible from two spots on 46th ave. The property is currently zoned C1 Commercial (permitted uses including professional businesses, most retail, liquor stores, places of worship, etc., discretionary uses include gas bar associated w/ retail store). A commercial development at Teroloma Village Commons would offer quick & easy access & closest proximity to a significant population base in Drayton Valley, neighbourhoods including Regency Park, Meraw Estates, etc. The lot had been zoned Medium Density Residential and could be rezoned back to R3 easily enough. Initial development called for 38 semi attached residential units, new water & sanitary lines are on lot for this purpose, gas & electricity to boundary.
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Introduction to Investing in Commercial Real Estate
[vc_row][vc_column][vc_column_text]RE/MAX recently released its 2017 Commercial Investor Report, highlighting trends and market activity in several key markets. Following up on the report, we have compiled some introductory tips from some of our brokers and agents for investing in commercial real…