Cenovus Energy has yet to sell the former 81-acre Kodiak Refinery property in Lloydminster for $18.3 million.
The development property with more one kilometre of frontage on Highway 16 (44 St.) across from the Walmart super-centre has been listed for sale by Cushman & Wakefield commercial real estate brokers in Edmonton for over a year.
The site map shows the property in two parcels. There’s a 33.63 acre parcel bordering 75 Ave. north and Hwy. 16 and a 47.69 parcel of land across from Pizza Hut.
The sale price works out to $225,000 per acre in the Hill Industrial Park.
The site in question is zoned C2 for corridor commercial and DC4 (direct control 4) for light industrial with the City of Lloydminster’s Land Use Bylaw 05-2016.
The C2 zoning fronting the highway enables commercial development and limited residential development opportunities on large sites abutting highways 16 and 17.
Permitted uses range from hotels and automotive repair shops to shopping centres.
Concept renderings on the Realtor’s’ website feauture an option for a big box retail and commercial retail unit and second concept plan that includes showroom industrial along the east side of the site.
The city’s DC4 zoning accommodates areas deemed to be highly environmental sensitive and planned for light industrial business parks and for business sites abutting commercial uses.
Approval of any future development is subject to the approval of a Neighbourhood Structure Plan by the City of Lloydminster.
Read More: Prime Kodiak parcel for sale
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