CORNER 47TH AVE & HWY 20 HIGHWAY 20 Highway

This listing was posted on ListedBuy.

$6,583,500

CORNER 47TH AVE & HWY 20 HIGHWAY 20 Highway

Price:

$6,583,500

Summary:

New 2024

Location:

Sylvan Lake, AB

Description:

DEVELOPERS-7.98 ACRES of prime commercial land zoned CNS (Serviced to property line and ready for development). SYLVAN LAKE IS BOOMING! This exceptional commercial development site is strategically located on the corner of Highway 20 and 47th Avenue in Iron Gate-Sylvan Lake subdivision. Its the only undeveloped corner in what has transitioned into the thriving Town of Sylvan Lake's prime shopping corridor. The other three corners at this intersection are the existing shopping centres of Ryder's Square, Hewlett Park Landing and Smart Centres (with Wal-Mart) Iron gate subdivision currently has a 4.77 acre commercial site under development with 7-11, Domino's Pizza, Mobil-1 Lube, Burger Parlour, Weed Kings and Iron Gate liquor as current tenants. The residential component of the quarter section is advancing rapidly with a serviced 52 unit townhome site (with 20 units already built), 30 duplex's and 14 townhomes built out on Iron Gate Drive, a 98 unit apartment site (sold with development approvals in place) on south perimeter of the 7.98 acre parcel with construction expected to commence in the spring of 2024 , a new 55 lot phase that is serviced (south of the 7.98 acre site-nearly sold out) with a mix of townhomes and single family homes (12 townhomes and 6 single family homes currently under construction). The balance of the quarter consists of 88 acres of residential development land that will be developed into approximately 500 new homes. Sylvan Lake is conveniently located approximately 1 hr 10 minutes in between Calgary and Edmonton, 15 minutes from Red Deer, voted one of the six top beach destinations in western Canada.it's become true 4 seasons destination with an incredible number of annual tourists. (id:38447). Still available at ListedBuy!

Posted:

January 19 on ListedBuy