4.22 Acres Prime Devon Development Land

$1,200,000

Property Highlights:

Ideal site for a multi-storey rental or condominium project, a full service hotel, a seniors facility or a mixed use development. DC (Direct Control) zoning in place. Adjacent lot may also be available (not included in this parcel price) for a combined potential total site size of 5.68 acres.

The subject land is located along the banks of the North Saskatchewan River having direct access to the river valley, as well as being a part of the exciting Devon downtown redevelopment area.

A $3M, 3km section of paved walking and biking paths through Voyageur Park along the North Saskatchewan River is under development and the Alberta Government has invested $11M for the local Devon wastewater treatment facility upgrades. Highway 19 is also receiving an $80M twinning upgrade which is to be completed in 2018-2019.

Annexation was approved for 680 acres on the Eastern boundary of Devon which will allow for future residential and commercial development and as a natural progression of the South Ravines development.

Sale price: $1,200,000

Associate:

Scott Hughes – Broker/Owner

Scott Hughes has over 25 years of commercial real estate experience involving the disciplines of brokerage, joint ventures, development, and asset management. The cumulative transactions/projects have an aggregated value in excess of $1 billion. He has consistently won national brokerage awards for production achievements serving both private and public investors.[…]

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