Business For Sale · Land

1924 10 Avenue, Rural Red Deer County

1924 10 Avenue, Rural Red Deer County, AB T0M1V0

$79,900 total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

—

Occupancy

91%

Lot Size

0.3399908172635445 ac

About this property

HIGHWAY FRONTAGE COMMERCIAL LOT IN SPRUCE VIEW, ALBERTA! Excellent opportunity to own a vacant commercial lot in the heart of Spruce View! Located directly along the main highway through town, this property offers excellent visibility, convenient access and exposure to passing traffic. Whether you are looking to establish a new business or invest in commercial land for future development, this property offers plenty of potential! The lot is zoned CTC and features a gravel pad at the front, and an alley runs along the rear, providing additional accessibility and flexibility for potential future development, subject to applicable approvals. PREFERRED SALE WITH THE NEIGHBORING BAKERY! This lot is preferably sold together with the established bakery business and commercial property located next door, which is also available for sale. This creates an excellent opportunity for buyers interested in acquiring an existing business along with additional commercial land for potential future use or expansion. The next dood property : The bakery is also for sale and it includes the land, building and operating business and is offered under a separate listing. See MLS® #A2355579 for details. The two bins are offered for sale separately. Spruce View is a welcoming rural community in Central Alberta, surrounded by beautiful countryside, agricultural operations, acreages and recreational destinations. Known for its friendly atmosphere and small-town charm, Spruce View serves residents from the community and surrounding rural areas. Conveniently located within driving distance of Innisfail, Sylvan Lake and Red Deer, Spruce View offers the benefits of rural living while maintaining access to larger urban centre. The surrounding region is popular with outdoor enthusiasts and visitors enjoying Alberta’s lakes, campgrounds and recreational opportunities. The property’s prominent highway location offers opportunities for business exposure and potential signage, while the rear alley may pr ovide additional convenience for future development. Whether you are considering developing the lot or purchasing it alongside the neighbouring bakery, this property offers exciting possibilities. All proposed uses and development plans are subject to municipal approvals. (id:66811)

Financial sandbox

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Estimate
Purchase price$80K
Down payment30% · $24K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$369

Projected NOI

$3K

Annual cash flow

$-1K

Cash-on-cash

-5.15%

DSCR

0.72

Going-in cap

4.00%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

122,204

Households

47,777

Median income

$112,500

Median age

45

Daytime population

132,610

5-yr growth

8.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1924 10 Avenue, Rural Red Deer County.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.