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Asking Price
$949,995
Cap Rate
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
Nestled on the outskirts of Okotoks, 354158 48 St E represents a once-in-a-lifetime opportunity for developers and investors. This expansive 25-acre parcel of land is perfectly positioned, offering an array of possibilities in a prime location. As you step onto the property, you'll be captivated by the stunning vistas that stretch across the surrounding countryside and towards the Rocky Mountains. The elevated terrain not only provides breathtaking mountain views but also lends itself to the creation of homes with walkout potential. Imagine residents waking up to the beauty of the outdoors right at their doorstep. The development potential of this property is truly remarkable. You can explore the option of subdividing it into five generous 5+ acre country residential lots, providing space, privacy, and the allure of countryside living. Alternatively, consider crafting a charming country estate residential district with up to 20 spacious 1+ acre lots, each ready to accommodate luxurious homes amidst the serene rural landscape. However, this land isn't limited to residential development alone. Its versatility opens the door to numerous other possibilities. Whether you envision commercial ventures, agricultural pursuits, or have a creative vision in mind, this property can accommodate it. Location-wise, it doesn't get much better. Situated on the Okotoks city limits, you'll relish the best of both worlds – the tranquility of rural living combined with easy access to Okotoks' amenities, schools, and services. Plus, you're just a short drive away from Calgary, making commuting and accessing city amenities a breeze. This is an extraordinary opportunity to transform 25 sprawling acres into your vision. Whether you're a seasoned developer seeking your next project or someone with a dream of crafting a private oasis, this property offers endless potential. Seize the moment and make this remarkable land your canvas for future endeavors. To inquire about and explore the full p otential of 354158 48 St E, Foothills County, get in touch with us today. Your dream development awaits on this canvas of possibilities! (id:39198)
Location
Province
Alberta
City
Foothills
Address
354158 48 Street E
Postal Code
T1S0R3
Location Highlights
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Listed by
Sotheby's International Realty Canada Alberta listing
Category
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
0
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
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
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
$949,995
Asking Price
$949,995
Cap Rate
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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NOI
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
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
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
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