3910 50 Ave

Lacombe, AB, T4L 1A6
MLS® #: CA0143631

$1,485,200

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Business Type: Land

Date Listed: Fri, Jul 27, 2018

Property Tax: $5,344 (2018)

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3910 50 Ave

Lacombe, AB, T4L 1A6

$1,485,200

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N/A sqft|Land
MLS® #: CA0143631
Gregory Pallister, Royal LePage Lifestyles Realty

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Property Description

7.9 acres of high visibility, highway commercial frontage in Lacombe with direct access to Hwy 12 and Wolf Creek Drive. The sight lines are ideal with direct exposure to major traffic routes. Trade activity in this community is growing and the site is surrounded by new construction including Pentagon Farm Centre, Police Station, Metcalf Ridge (residential), and more to come. The City of Lacombe has shown a strong interest in seeing this bustling corner developed. Permitted and discretionary uses for this Highway Commercial District provide the buyer with a wide range of development opportunities. All major services are located nearby. An environmental report was completed in 2011 and no further investigation is required. The small house (new shingles and paint in 2016) and decent sized detached garage is tenant occupied and generates $1050 per month (less property management fees) in rent. Develop immediately... or buy and hold - a solid investment either way.

Gregory Pallister, Royal LePage Lifestyles Realty

Details

Property Type: Commercial
Property Tax: $5,344 (2018)
Fees: N/A
Last Updated: Thu, August 23, 2018
Business Type: See Remarks
Possession: Immediate, Subject To Tenancy
Property Sub Type: Land

Key Facts

MLS® #: CA0143631
Ownership-Type: N/A
Year Built: N/A
sqft: N/A
Date Listed: Jul 27, 2018
Lot Size: N/A
Occupancy: N/A
Total Acres: 7.9
Transaction Type: For Sale Only
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Suggested Listings (9)

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All information displayed is believed to be accurate but is not guaranteed by Central Alberta REALTORS® Association and should be independently verified. No warranties or representations of any kind are made. Copyright© 2019 Central Alberta REALTORS® Association. All Rights Reserved.

Data was last updated: Thursday, August 23, 2018, 8:57:39 PM
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Introduction to Investing in Commercial Real Estate

[vc_row][vc_column][vc_column_text]RE/MAX recently released its 2018 Commercial Investor Report (Western Canada Edition), 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…

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All information displayed is believed to be accurate but is not guaranteed by Central Alberta REALTORS® Association and should be independently verified. No warranties or representations of any kind are made. Copyright© 2019 Central Alberta REALTORS® Association. All Rights Reserved.

Data was last updated Thursday, August 23, 2018 at 8:57:39 PM