7003 199 Street NW Unit 3
Land for sale in Edmonton — $850,000
Key facts
- Type: Land
- Price: $850,000
- Lot: 55,250 sq ft
- City: Edmonton
- MLS® number: A2313155
- Agent: Century 21
- Brokerage: Century 21 Canada
Description
HUGE OPPORTUNITY to build and own an ideally-sized commercial building on a high-visibility location supported by an upscale local draw area. REALIZE HUGE SAVINGS in capital investment and long-term operational costs! ONLY THREE PARCELS in this rare 2-acre bare land commercial condominium project, featuring a huge 1.1 acre common area with enough parking, green space and waste locations to fulfill any DP requirements. The small self-governed condo structure makes for huge savings in land acquisition, construction, and maintenance costs PLUS saves on management expenses while ensuring hands-on control. YOUR PURCHASE IS NOT JUST THE TITLED LAND - you also become 1/3 owner of the entire condo corp including the common property AND all related assets! Perfect for small / mid-scale developers & built-to-suit owners. BUILD OUT POTENTIAL - This parcel fits a 3,200+ sq.ft floor plate, and height allowance of 16m making the build-out potential huge! Build-out of 9,500 to 12,800 sq.ft over 3 or 4 floors. Buildable footprint is perfect for professional / medical firms, service centres, childcare & more. Ideal for at-grade local retail due to build area size & shape (with zoning). The lot has another 3,000 sq.ft of outdoor space for amenities - ideal for child care operators. THE VALUE IS HUGE - An equivalent standalone infill site would need a half-acre of land plus the cost of demolition, parking, access, and waste mgmt. NOT REQUIRED HERE! With 70 existing stalls plus area area for…