The subject is well located and easily accessible to a major north/south throughfare, Highway 2 which connects Edmonton and Calgary. Huge 2.84 Acres of C3(General Commercial District) zone of land with 2 storey 48 units of (288Sqft/room) the motel. It can be developed such as clinic, Automotive Sales, restaurants and other professional office, recycling, storage etc at the extra land with a motel business operation (Refer to the zone classification). The subject has a 6.75% site coverage ratio which is substantially less than maximum allowable under the zoning regulation for the C3 Classification( 30%).
Revenue Details (Year end June 30) 2022: $237,767, 023 : $331,578 , 2024 : $447,209 , NOI : 2023 : $131,968, 2024 :$264,431
Address
8124 Sparrow Drive
List Price
$2,490,000
Property Type
Commercial
Type of Dwelling
Hotel/Motel
Area
Leduc
Sub-Area
Leduc Common
Lot Size
123710 Sq. Ft.
Year Built
1991
MLS® Number
A2186574
Listing Brokerage
MaxWell Canyon Creek
Postal Code
T9E 7G4
Zoning
C3