38215 Range Road 264, Rural Red Deer County

$1,800,000

3 Beds
4 Baths
2,488 Sqft
233 Acres
0 Garages

Opportunity knocks! This unique property offers the opportunity for multiple revenue streams. Land rent, surface lease revenue, radio tower site revenue, rent the shop, rent the home, build another business opportunity... its all there. Located just 3 miles east of Red Deer, this 233 acre parcel fronts onto highway 11 and paved Twp Rd 382. Gigantic bungalow has had flooring and paint updates, offers a totally efficient and unique forced air fan coil heating system. Multiple valuable out buildings. Big shop is 50x120 and has a 43x50 insulated, concrete floored, heated workshop, a 20x50 office/storage/parts area with 2 bathrooms and a 47x50 cold storage area. There is a 40x100 open ended arch rib steel quonset, a 24x41 heated (propane) garage with concrete floor, a 32x48 propane heated barn with dirt floor and a 22x24 open garage (dirt floor). There is 220 power available by the grain bins. Two power meters, one for house and shop and one for 24x41 garage and grain bins. Surface revenue $8600 from oil lease and $12,000 (leased to 2025) from tower (annually). Tower lease is currently up for renewal. Two water wells on site, one for home, one for shop/corrals. Septic field located in west lawn...2 separate tanks (house and shop) both connected to one field. With an entrepreneurial spirit this property will generate a good return on investment. Seller has NOT resided on the property in years, as such all items are sold "as is". The seller makes no warranties or representations.

Essential Information
MLS® #CA0175533
Price$1,800,000
Bedrooms3
Bathrooms4.00
Full Baths3
Half Baths1
Square Footage2,488
Acres233.00
Year Built1979
TypeAgri-Business
Sub-TypeAgriculture
StyleBungalow
StatusActive
Community Information
Address38215 Range Road 264
CityRural Red Deer County
CountyRed Deer County
ProvinceAlberta
Postal CodeT4E 0Y8
Amenities
AmenitiesLaundry
Parking Spaces2
Utilities

Electricity Available, Natural Gas Available, High Speed Internet Available

Parking

Detached Garage, Gravel Driveway

Interior
Interior FeaturesCentral Vacuum, Dry Bar
Has BasementYes
BasementPartially Finished
Heating

Combination, In Floor, Natural Gas, Propane

Fireplaces

Family Room, Living Room, Recreation Room, Wood Burning

Exterior
RoofAsphalt Shingle
FoundationPoured Concrete
Construction

Metal Siding, Other, Shingle Siding, Vinyl Siding, Wood Frame

Additional Information
Days on Market356
ZoningAG
Listing Details
OfficeCentury 21 Advantage
LISTING MAP

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