2

Land for Sale & much more in Penhold

Commercial real estate investors are very interested in vacant land for sale in and around Penhold, AB.

A short drive south of Red Deer City, ten minutes from the regional airport, and known as ”The Home of Future Generations”, Penhold is a welcoming, family oriented town in Central Alberta that relies on agriculture as the major contributor to its economy.

Main Photo: 110 9 Hawkridge Boulevard in Penhold: PH Hawkridge Estates Commercial for sale or lease : MLS® # CA0051000
Prop. Type:
Commercial
MLS® Num:
CA0051000
Status:
For Lease
Bus Major:
Beauty/Hair
Build. Type:
Commercial Mix
Mall is filling up, just a few spaces left! Great opportunity to lease or own space in this new strip mall (HAWKRIDGE MARKET SQUARE) on highway 2a in Hawkridge Estates, Penhold. Penhold is booming town located 7 minutes from Red Deer, with the recent addition of a Tim Hortons, Multiplex, new High school, new residential subdivision and a new commercial centre with a Grocery store anchor, eye and medical centre, Subway and Pharmacy. Population in the immediate trading area is close to 3000 people and more than 6000 cars drive by everyday seasonally. Lease rate is $18/ sq. ft. or $1586.00/month plus common costs. Construction is complete so occupancy can be immediate. Don't delay on securing your desired location in the building. This desirable corner unit can be doubled in size for a total of 2014 sq. ft. if desired and 1680 sq. ft. is also available to the north of this space. (Condo plan to be registered)
Listing Area:
Penhold
Listing Sub-Area:
PH Hawkridge Estates
County Or Parish:
Red Deer County
Taxes:
$0 / 2017
Property Type:
Commercial
Property Sub Type:
Retail
Total Floor Area:
1,007 sq. ft.
Lot Area:
0 acre(s)
Lot Depth:
0'
Lot Frontage:
0'
Lot Shape:
Standard
LINC Number:
0035657378
Title:
Fee Simple
Business Type:
Beauty/Hair, Convenience Store, Daycare/Children, Dry cleaning/Laundry, Dry Goods/Fashion, Educational Services, Electronics, Entertainment, Finance & Insurance, Florist/Gifts, Food Services & Beverage, Furniture/Household, Hardware, Health Care/Social Assistance, Professional Office, Real Estate Rental & Leasing, Restaurant/Fast Food
Building Name:
HAWKRIDGE MARKET SQUARE
Building Type:
Commercial Mix, Major Shopping, Retail, Shopping Centre, Strip Mall
Year built:
2014
Construction Materials:
Frame - Steel, Stone, Stucco
Foundation:
Concrete
Roof:
Torch On
Utilities:
Service - Full
Water Supply:
Municipal
Sewer:
Municipal
Fire Protection:
Sprinkler System - Full
Heating:
Sep. HVAC Units
Finished Area.:
1,007 sq. ft.
Total Area Above Main Level.:
1,007 sq. ft.
Possession:
Immediate
Transaction Type:
For Sale/Lease
Lease Rate:
18.0
Lease Type:
Triple Net
Lease Count:
1
Lease Term:
5
Garage:
No
Zoning:
C2-HIGHWAY COMMERCIAL
  • Photo 1: 110 9 Hawkridge Boulevard in Penhold: PH Hawkridge Estates Commercial for sale or lease : MLS® # CA0051000
    Photo 1 of 7
  • Photo 2: 110 9 Hawkridge Boulevard in Penhold: PH Hawkridge Estates Commercial for sale or lease : MLS® # CA0051000
    Photo 2 of 7
  • Photo 3: 110 9 Hawkridge Boulevard in Penhold: PH Hawkridge Estates Commercial for sale or lease : MLS® # CA0051000
    Photo 3 of 7
  • Photo 4: 110 9 Hawkridge Boulevard in Penhold: PH Hawkridge Estates Commercial for sale or lease : MLS® # CA0051000
    Photo 4 of 7
  • Photo 5: 110 9 Hawkridge Boulevard in Penhold: PH Hawkridge Estates Commercial for sale or lease : MLS® # CA0051000
    Photo 5 of 7
  • Photo 6: 110 9 Hawkridge Boulevard in Penhold: PH Hawkridge Estates Commercial for sale or lease : MLS® # CA0051000
    Photo 6 of 7
  • Photo 7: 110 9 Hawkridge Boulevard in Penhold: PH Hawkridge Estates Commercial for sale or lease : MLS® # CA0051000
    Photo 7 of 7
Larger map options:
RCR - Royal Carpet Realty Ltd.
Listing information last updated on 24-Oct-2017 1:10 PM
KLRT COMMERCIAL
powered by myRealPage.com

Despite being a small community offering the feeling of real country living, Penhold is just a short commute to the larger towns and cities in the area, and can boast an immediate trade area of some 270,000 people, with 2 million people caught in a 150km radius from the town that includes the major cities of Edmonton and Calgary, along with their international airports.

Penhold_land_for_sale

Sitting on the quieter Highway 2A, Penhold manages to retain its small town charm without losing any convenience in its location, and has nurtured a vibrant population of community spirited young families who regularly involve themselves in local volunteer projects and campaigns. With such an atmosphere in the town, Penhold is the perfect place to start a family, or search for real estate land for sale with a view to starting a business, or both.

The current population of Penhold sits at around 2,800, a figure that was only half as high as recently as 2001, with the 25-34 age range the biggest demographic. It is a figure that represents a prime market for recruiting and retaining local people to work with a new local business that may grow out of purchasing local real estate land for sale.

Penhold Land For Sale

Image courtesy of Google Maps

As well as the growing population, economic development is also thriving in Penhold, as evidenced in the rising value of building permits issued annually. Around $18,700,000 was taken in 2013, but this figure was dwarfed in 2014 as the value almost doubled to around $35,000,000, and the trend has continued into 2015, where the figures for January alone were $113,000 up on the same period for 2014.

Further expansion of Penhold is in the pipeline, especially to the east of Highway 2A, meaning the opportunity for businesses to invest in real estate land for sale and join those already thriving there is set to grow along with the number of residents.

With Alberta’s highly competitive provincial tax laws further helping those who are looking to enter the commercial property market or purchase real estate land for sale, investors in Penhold can enjoy not being required to pay provincial retail sales tax, provincial capital or payroll tax.

Despite being one of the smaller towns in the Central Alberta “Region of Opportunity”, commercial real estate listings for Penhold property and the planned expansion projects show the potential that exists there, while the progressive nature of the town and its residents mark Penhold out as a prime location for investment in existing commercial property or considering real estate listings of land for sale.

Want more information?

Learn about Economic Development in Penhold

Learn about Development and Business Permits in Penhold

Learn about Penhold Business Licenses