Lot Waverley Road, Waverley, NS (MLS 201923540)
Overview of Lot Waverley Road, Waverley (MLS® # 201923540)
Unique Development Opportunity adjacent to Burnside Industrial / Business Park Nova Scotia. This approximately 150 acres of land is the last privately-owned land neighboring Phase 13 of Burnside Business Park. The land contains two separate zoning; R-7 Rural Estate and I-2 Industrial. Listed for $1.25/square foot, consider development costs of $2.50/square foot on average and compared to recent HRM sales around $6.00/square foot. The potential returns are considerable. Potential development presents numerous options such as a residential subdivision for Executives/Work force that work in the Park or, the entire lot could be converted to I-2 Industrial for selling ready use lots with store front and/or, a mix of both zoning to accommodate some residential/some commercial. Due to the proximity of the highway, this area would make an easy commute to work, ease of access to health services or other amenities. Part of the land backs on the Shubenacadie Canal System and Lake William, imagine building a small retirement community within the subdivision where, mom and dad can be close to the Grand Parents and just a simple retirement community with access to the Canal System and the Lake. This opportunity is a gem for the right investor.
Listing Courtesy of Engel & Volkers