Nisku Business Park, Leduc County, Alberta Apartment for sale: 18 Serviced Industrial Development Lots Land (Listed 2019-08-07)

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• Property Value$12,500,000
• Property Address9 Street and 25 Avenue, Nisku Business Park, 18 Serviced Industrial Development Lots, Leduc-Nisku, , Ab, T9E 7Z4, Canada
• TypeApartment

• Lot Size Area35 acres
• BedroomsLand

Nisku Business Park, Leduc County, Alberta

9 Street and 25 Avenue, Nisku Business Park, 18 Serviced Industrial Development Lots, Leduc-Nisku, , Ab, T9E 7Z4, Canada

Description

BANK OWNED FORECLOSURE PROPERTY
Prime Industrial development land located at corner of 9 Street and 25 Avenue in the Nisku Business Park, Leduc County, Alberta.
The site has been subdivided into 18 separately titled Lots, with 1 additional utility lot, 1 environmental reserve lot, and 1 which falls into the Blackmud Creek Floodplain and cannot be developed.
This property is located directly facing the new Spine Road and will provide high visibility access to North and Southbound traffic along Spine Road and into South Edmonton.
Land Use:
Subject site is zoned DC – Direct Control, which the land uses shall be determined by Council and adopted through a bylaw. However, as discussion with the County Planner, the surrounding lots of subject site has a land uses of LI – Light Industrial and IND –Industrial, a land use of either LI or IND is considered to be approved by council given the conformity to surrounding land uses.
The aggregate value of the 18 fully serviced and completed saleable lots has been appraised at $17,340,000 or $495,000 per acre. There is approximately $3,000,000 in remaining work to be completed. For full details including tendered construction quotes please contact the listing Broker