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Hwy 28

160 Acres of Commercial Land Offered at $1,281,431 USD in Cold Lake, AB T9M 1K6

Executive Summary

Red Fox Development Lands - 160 Acre development site with direct exposure to highway 28 within the city limits of Cold Lake AB. Current zoning is Urban Reserve - potential to rezone to C2 - Arterial Commercial for the 50 acre site parallel and adjacent to the highway. Property access is off 34 Ave parallel to the entrance of RONA as well as a FORD Dealership, Ramada, Fountain Tire, McDonalds, Kia Dealership, Boston Pizza & Walmart - to name a few. Amazing opportunity for prime land!

Attachments

Red Fox

Property Facts

Price $1,281,431 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 160.00 AC
Cross Streets 34 Avenue

1 Lot Available

Lot

Price $1,281,431 USD
Price Per AC $8,009 USD
Lot Size 160.00 AC

Description

The subject property is located along Highway 28 in the south commercial area of the City Limits of Cold Lake. Access to the Property is off 34 Avenue parallel to the entrance to RONA which also provides access to 50th Street where Cold Lake Ford is located. Other businesses in area include: Boston Pizza, Walmart, McDonalds, Home Hardware, Ramada, Fountain Tire, Kia, & Rona. WATER - The City of Cold Lake is serviced with a municipal water treatment plant and provides treated water to the community via a piped potable water system which also provides water for firefighting via fire hydrants. SANITARY SEWER - The City of Cold Lake is serviced by an extensive system of gravity sanitary mains. This system collects all waste water to a central treatment plant. The treatment facility has the capacity to service the lands outlined in this report. STORM WATER - Storm water runoff from the development of the 50 acre parcel will be managed by the existing wetland area to the east of this area. The ponding area may require some expansion to allow for the increased storage requirements when the 50 acre parcel is developed. A separate wetland assessment is being completed to ensure compliance with provincial legislation regarding disturbance of wetland areas in the Province of Alberta. The wetland will discharge water to the existing highway ditch and culvert crossing Highway 28

zoning

Zoning Code UR (Urban Reserve)
UR (Urban Reserve)
  • Listing ID: 31791903

  • Date on Market: 9/1/2022

  • Last Updated:

  • Address: Hwy 28, Cold Lake, AB T9M 1K6

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