Property Details

1-8, 1504 Railway Avenue
Rural Big Lakes County (A2237694)

$899,900
2,000 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Investment Opportunity! Prime 10-acre parcel with excellent highway frontage on busy Highway 2 between High Prairie and Slave Lake. This property offers incredible development potential for multi-family housing, a gas station, convenience store, truck stop, or retail plaza—all just 10 minutes from the new hospital in High Prairie. As the regional hub for healthcare, education, government, retail, and transportation, High Prairie is experiencing growing demand for housing and services. Adding to the value, the property includes a fully rented 8-plex generating $76,800 in annual gross revenue, providing immediate cash flow while you develop the remaining land. Don’t miss this chance to bring your vision to life in a high-traffic, high-growth area.

Property details

Basic Info

MLS® #
A2237694
Property Type:
Multi-Family
Subtype:
Apartment
Subdivision:
NONE
Price
$899,900
Sale/Lease:
For Sale
Size:
2,000 sq.ft.
Year Built:
1970 (55 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Acreage/Farm Info

Nearest Town:
High Prairie

Lot / Land Info

Lot Size:
10.63 acres
Legal Land Desc:
13-74-16-W5
Zoning:
HR

Listing Info

Possession:
Negotiable
Your Agent
  • Donna Wilson

    Sutton Group - Grande Prairie Professionals
    780-228-2224

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