7003 199 Street NW Unit 2
Land for sale in Edmonton — $2,475,000
Key facts
- Type: Land
- Price: $2,475,000
- Lot: 64,033 sq ft
- City: Edmonton
- MLS® number: A2313152
- 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. PLUS REALIZE HUGE SAVINGS in construction 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 an 11,000+ sq.ft floor plate, and height allowance of 16m making the build-out potential huge! Build-out of 42,500 to 55,000 sq.ft over 4-5 floors. Buildable footprint is perfect for professional / medical firms, service centres, childcare, pharmacy, health centre & more. Potential for at-grade local retail due to build area size & shape (with zoning). The lot has another 4,200 sq.ft of outdoor space for amenities. THE VALUE IS HUGE - An equivalent standalone infill site would need an acre and a quarter of land plus the cost of demolition, parking, access, and waste mgmt. NOT REQUIRED HERE! With 70 existing stalls plus area area…