4016 JK Smith DR, Drayton Valley, AB, T7A 1P5Listing ID# C4089212
3.21 acre parcel in south east Drayton Valley. Flat, level parcel zoned R1 currently has a producing oil well on it. Lease value paid by oil company is $18,500 PER YEAR. Appraised at $485,000 in 2011.When the well is exhausted, and currently there is no indication this will be any time soon, the Town would look favourably on re-development. Great location near parks and schools. No development can happen on the property and the owner may not be on the land until the well is remediated. Town maintains access road and and oil company maintains the well site.Listing agent related to seller. All deposits to be by bank draft as per client's instruction.
Listing courtesy of EXP REALTY