3420 21 Street Springbrook, AB T4S 2E6

257725608 52.1775 -113.88133 788 /listing/257725608-150112689/3420-21-street-springbrook-ab-t4s-2e6 False 0 17900000 397266 107 CA0184262 False
$17,900,000
  • 92.39 Acres lot

Property & Neighborhood Info

Courtesy Of Sutton Landmark Realty

Business Opportunity in Springbrook

Mature Property, prime repurpose development project. 17 seperate buildings 15 seperate titles service with water, sewer, internal roads, curbs, airport, power, gas, and telephone lines. Property is currently professionally managed. Rental occupancy: 38% under long term leases, 20% under short term leases and 42% vacant. Buildings include: residential, office, commercial kitchens, mini storage, warehouse, airplane hanger, 2 churches, and storage buildings. Included in sale: all furnishings, equipment, leasehold improvements, $1,300,000 annually escalating rental income (including Montair Net lease $727,200 per annum with annual escalation clause) , 397,266 sq ft buildings 92.39 acres of serviced land already subdivided, turnkey office building with multiple offices and fully functioning commercial Kitchens furnished & equipped to serve 1000 people. The residential buildings include 340 dorm style rooms, fully operating mini storage facility, 46,475 sq ft airplane hanger suitable for large aircraft and multiple other multi use buildings. Zoning includes: Springbrook Low and Medium Density Residential, Springbrook Highway Commercial, , Springbrook Town Center, and Springbrook Business Service Airport. (see attached documents including Building breakdown, Subdivided Land breakdown, Municipal Zoning regulations, Datasheet, Proposed new County of Red Deer road plan looking forward to providing unrestricted access onto 32 Ave in Red Deer.)

Courtesy Of Sutton Landmark Realty
  1. 397,266 Sq. Ft.
  2. 92.39 Acres Lot

Main Features

  • Listing Status: Active
  • Year Built: 1946
  • County: Red Deer
  • Taxes: $92,969.17
  • Tax Year: 2018
  • Zoning: SpringBrookComprehensive
  • MLS® Number:CA0184262

Additional Features

  • Building Type:
    • Church
    • Commercial Mix
    • Free-Standing
    • Institutional
    • Low Rise (2-4 stories)
    • Manufacturing
    • Mixed Use
    • Multiple Tenant (5-Plex+)
    • Office Building
    • Plane Hangar
    • Retail
    • Rooming House
    • Walk-up
    • Warehouse
  • Business Name:
    • Harvark Park Business Centre Ltd.
  • Business Type:
    • Accommodation/Food Services
    • Agri/Forestry/Fishing/Hunting
    • Educational Services
    • Entertainment
    • Food Services & Beverage
    • Industrial
    • Manufacturing
    • Other Services
    • Professional Office
    • Real Estate Rental & Leasing
    • Restaurant/Fast Food
    • Sports/Recreation
    • Transportation
    • Warehousing
  • Construction:
    • Asbestos
    • Brick
    • Concrete
    • Frame - Wood
    • Mixed
  • Loading Info:
    • Dock & Grade
  • Property Sub Type:
    • Business
  • Roof:
    • Metal
    • Tar & Gravel
  • Water Source:
    • Municipal
  • Foundation:
    • Concrete
  • Lot Description:
    • Standard
  • Heating:
    • Baseboard heaters
    • Boiler
    • Com. Water Heater
    • Electricity
    • Forced Air/Hot Water
    • Furnace - Forced Air - 2
    • Furnace - Overhead
    • Hot Water
    • Make-up Air
    • Mixed
    • Natural Gas
    • Radiant
    • Sep. HVAC Units
    • Separate Controls
    • Separate Water Heaters
    • Steam
    • Zone Heating
  • Sewer:
    • Municipal
  • Utilities:
    • Bus Service
    • High Speed Internet
    • Municipal Water
    • Natural Gas
    • Power - Metered
    • Power - Three Phase
    • Service - Full
    • Street Lighting
    • Telephone
    • Underground Wiring
  • Fire Protection:
    • Alarm - Manual
  • Access:
    • Direct Access
    • Front and Rear Drive access
    • Lane - Paved
    • On Major Traffic Route
    • Road - Private
    • Road - Public
  • Gross Income:
    • 1300000.00
  • Lease Type:
    • Escalating
    • Net
  • Net Operating Income:
    • 300000.00
  • Transaction Type:
    • For Sale/Lease
  • Lot Size Area SQFT:
    • 4024508.40
  • MLSSystem ID:
    • Central Alberta
  • Possession:
    • Immediate
    • Subject To Tenancy
  • Square Footage Total:
    • 397266
  • Total Acres:
    • 92.39
Neighborhood info courtesy of Homes.com © 2020
Bryan Wilson
Bryan Wilson
Associate
(403) 340-9436
4440 - 49th Avenue Red Deer AB T4N 3W6
request more info.
52.1775 -113.88133

3420 21 Street Springbrook, AB T4S 2E6

257725608 52.1775 -113.88133 788 /listing/257725608-150112689/3420-21-street-springbrook-ab-t4s-2e6 False 0 17900000 397266 107 CA0184262 False
  • $17,900,000
  • 397,266 sqft
  • 92.39 Acres lot