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Land For Sale at # 2 & # 72 Highways in Rocky View, Alberta

4 Sale ID #77710
Updated 02 May 2024

Asking Price

$2,992,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

A great parcel of land situated on the SE corner of highways # 2 & # 72 approximately 6 miles north of Airdrie . Zoned as agricultural land at this time , there is potential for possible zoning changes down the road. This property is lined with mature trees on two sides and has road access on three sides . Two of these roads are paved . This land has a very gentle slope facing the highway giving it great exposure for motorists and also revealing a decent view of the mountains from all points of the land . The ideas are endless for this land . There is also a 42 acre parcel immediately to the south also for sale. MLS # A1235902 (id:39198)

  • MLS® : #A1057700
  • Date Listed : 07 Jan 2021

Location

Province

Alberta

City

Rocky View

Address

# 2 & # 72 Highways

Postal Code

T0M0S0

Location Highlights

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Listed by

MaxWell Capital Realty Alberta listing

Category

land

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

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Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$2,992,000

Asking Price

$2,992,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

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Market Competition

N/A


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