For Sale: 3-7003 199 Street NW, Edmonton, AB - REW
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$850,000
0 bd • ba • sf • Land/Lot
3-7003 199 Street NW
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Unit 3, 7003 199 Street NWEdmonton, AB, T5T 3A8

Glastonbury
  • 0 Bed
  • Bath
  • Sqft
  • Land/Lot

About this home

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 30 more, AND major property setbacks largely in the huge common area, this is a turn-key build-out site with huge capital investment savings. THE LOCATION IS VERY RARE - located between Anthony Henday and 199th ST in west Edmonton's fully developed & semi-affluent Glastonbury area, there are 40,000 high-income people within 2km - and limited commercial to support them. This makes STRONG LOCAL DEMAND. Public transit is adjacent with a major ETS transportation hub nearby. Current z oning is UF with 16m height allowance which aligns closely to BE (Business Employment) and CG (Commercial General) in height / location requirements making for great development flexibility. ONLY 2 PARCELS AVAILABLE, the 3rd already occupied by a church building. THIS LISTING - Unit 3: Effective size of 0.47 acres (see below info). ALSO AVAILABLE: MLS A2313152 - Unit 2: Effective size of 1.25 acres (see listing) and build-out potential for 42,500 to 55,000 sq.ft. CAPTURE UNPARALLELED ROI - Take advantage of a build-site specifically designed to optimize building footprint and maximize investment / operational value! MORE MATERIALS AVAILABLE ON REQUEST. PLEASE DO NOT VISIT THE PROJECT WITHOUT AGENT PRE-APPROVAL. NOTE: Unscheduled site visits may result in a security response. Lot area note: Title area 0.14 acres + ownership in 1.1 acre common. As instructed by CREB, total lot size includes parcel plus typical parking /related common area to support 4 stories of commercial. (id:63626)
Listed by: Joseph Belland, Associate, CIR Realty

Home facts and features

Price details
List Price
$850,000
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Strata Maintenance Fees
$1 Yearly
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
1.27 acres
Depth
Title
Freehold
Features
Parking, Visual exposure
Community
Agent details
Primary Agent
Primary Broker
CIR Realty
Listing details
Days on REW
5 Days
MLS® Number
A2313155
Source
Canadian Real Estate Association
Board
Calgary Real Estate Board
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25 Years
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3.99%

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Property Insights

Lymburn School
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Kim Hung School
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Ormsby School
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Sister Annata Brockman Catholic Elementary/Junior High School
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St. Martha School
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Bessie Nichols School
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Grovenor School
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Edmonton Menorah Academy
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Westminster School
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Archbishop MacDonald High School
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Call Agent
Joseph Belland
Phone:
(403) 923-2863
Office:
403-294-1500
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