281119 Township Road 240 , Chestermere

Bed / Bath / $4,250,000 / MLS® Listing #:A2000300

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Although Chestermere Storage is an active storage facility, this property is for sale as a development site. Zoned as Business Park/Light Industrial, it has long list of permitted uses inside Chestermere. The property is located on the south side of one of Alberta's fastest growing cities. With approximately 8,300sf of mini storage inside a 4+ acre secured compound for additional outdoor (boat/RV/vehicle) storage, this active business has a lot of room to grow. There is also a house/office and two garages/shops for lease. The 10 acre property is on a paved road with paved roads to both sides of the lake. Terradigm Advisors has analyzed the property for future development potential and believes that there is an opportunity to provide much needed commercial/ industrial space for the City, creating a condominium model so that there are finally ownership options for Chestermere businesses. Development on the west side of Chestermere will create a new direct, paved route from Stoney Trail on Peigan Trail. In addition, the City is currently examining options for extending water/wastewater services to the adjacent industrial land that it currently owns. This property gives ongoing cash flow today and great opportunities for future development as infrastructure continues to be constructed. At $425,000/acre for an industrial site, with income in place to help carry it while you develop the balance, this is a great opportunity.

Property Details

Property Type Commercial
Days On Our Website 153

Listing Office: Terradigm Brokers

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