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306 Calahoo Rd 1,205 SF 100% Leased Office Building Spruce Grove, AB T7X 2H6 $411,915 USD ($341.84 USD/SF)



INVESTMENT HIGHLIGHTS
- Plans completed for a proposed 12 unit multi-family bldg
- High Traffic Location
EXECUTIVE SUMMARY
Exceptional redevelopment opportunity in the heart of Spruce Grove's City Centre. Zoned R2CC - City Centre High Density Residential District, this 6900+/- Sq Ft lot supports higher density residential development within the City Centre Overlay area. The property is being sold for land value only. Offering excellent visibility along Calahoo Road with convenient access to HWY 16A, this site is surrounded by commercial services, professional offices, and established residential communities. An ideal location for future multi-unit residential development within walking distance to many amenities, transit, and shopping. Preliminary renderings and plans have been completed for a proposed 12 unit multi-family building, highlighting the properties development potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
1,205 SF
Building Class
C
Year Built
1963
Price
$411,915 USD
Price Per SF
$341.84 USD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
603 SF
Building FAR
0.17
Lot Size
0.16 AC
Zoning
R2CC - City Centre High Density Residential District
Parking
4 Spaces (3.32 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (78)
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306 Calahoo Rd
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