281 Township Road 370, Penhold, AB, T4S 0J5, CA

Penhold Rail Lands

Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) has been exclusively retained to offer for sale an exceptional rail serviced industrial land opportunity strategically positioned in Penhold, Alberta (the “Site”). This 114-acre Site is situated 16 kilometres (“km”) south of Red Deer and equidistant between Calgary and Edmonton (roughly 140 kms from each).

The Site is zoned I1 (Light Industrial) and I2 (Heavy Industrial), ready for immediate development. With approximately 92 developable acres, the Site has significant industrial potential with flexibility for phased growth or immediate large-scale operations. Key features include direct Highway 2A access, the CPR line abutting the eastern property boundary, and CN rail service potential.

If residential development is desired, the Town of Penhold is open to an expedited land-use amendment process to support a comprehensively planned residential subdivision.

The Site is being offered for sale with an asking price of $4,500,000.

...

Investment highlights

Centrally located in the heart of Alberta’s economic corridor. Within a 150 km radius, you can reach Edmonton’s industrial and energy sector, Calgary’s corporate headquarters and distribution networks, and Red Deer’s regional commercial base.
Full municipal services are available for tie-in, featuring an abundant water supply and power.
Rare opportunity featuring CP Rail Infrastructure on site with CN Rail service potential. Ideal for bulk shipping, heavy industrial, and logistics-intensive businesses.
Located approximately 3 km south of Red Deer Regional airport, ~120 km north of Calgary International Airport, and ~140 km south of Edmonton International Airport.
Lower land, operating costs, and real estate taxes compared to the Calgary and Edmonton metropolitan areas.
Access to Red Deer’s established labour pool. Additionally, a young and growing population in Penhold (6% growth between 2016 and 2021). Competitive wage rates compared to Calgary and Edmonton. Lower employee housing costs enhance recruitment.