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Land For Sale at SW 20-71-5 W6 RR#55 in Grande Prairie, Alberta

4 Sale ID #242235
Updated 11 Dec 2024

Asking Price

$1,300,000

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

145 Acres of Prime Development Land within Grande Prairie City LimitsProperty Overview: Discover an exceptional opportunity with this expansive 145-acre parcel of farmland located within the city limits of Grande Prairie. This prime piece of real estate offers unparalleled potential for future residential development, making it an ideal investment for developers and visionary investors looking to capitalize on the growth of this vibrant city.Key Features:Location: Strategically situated within the rapidly expanding boundaries of Grande Prairie, this property provides easy access to major transportation routes, schools, shopping centers, and recreational facilities.Development Potential: With 145 acres of flat, fertile land, this property is perfect for a large-scale residential neighborhood. Growth Area: Grande Prairie is one of Alberta’s fastest-growing cities, offering a robust economy, diverse community, and a high demand for new housing. This property provides a rare opportunity to meet this demand with new, well-planned residential neighborhoods.Natural Beauty: The land boasts picturesque views and open spaces, making it ideal for designing a community with green spaces, parks, and recreational areas.Investment Highlights:Future Value: As Grande Prairie continues to expand, the value of this land is set to increase significantly, offering substantial returns on investment.Community Impact: Contribute to the development of a thriving, sustainable community in one of Alberta’s key urban centers.Flexibility: Whether you're planning for single-family homes, townhouses, or multi-family units, this property offers the flexibility to design and build according to market needs and trends.Contact Information: Don’t miss out on this rare opportunity to secure a substantial tract of land in one of Alberta’s most promising development areas. (id:39198)

  • MLS® : #A2134715
  • Date Listed : 24 May 2024

Location

Province

Alberta

City

Grande Prairie

Address

Sw 20-71-5 W6 Rr#55

Postal Code

T8X4A8

Location Highlights

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Listed by

Grassroots Realty Group Ltd. 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

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 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

$1,300,000

Asking Price

$1,300,000

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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