780-832-5880

526 16 Avenue NW
Calgary (A2062019)

$5,490,000
10,696 ft²
Loading Listing...

Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Price Reduced! Introducing a versatile commercial property offering endless possibilities, now available at a reduced price! With over 0.5 acres of land and a spacious 10,000+ sq ft building, this income-producing asset sits prominently along Calgary's TransCanada Hwy, offering unparalleled visibility. Its strategic location near downtown, the airport, Deerfoot highway, SAIT, and the University of Calgary makes it an ideal candidate for redevelopment into either a cutting-edge medical clinic or a vibrant strip mall. Zoned for C-cor 2 and boasting a 5.0 FAR, with a maximum height of 37 meters, this property provides ample room for expansion and innovation. Priced attractively at approximately $52.00 per buildable square foot, it presents an enticing investment opportunity. With an effective gross income of $230,000 annually and a NOI of $100,000 annually, developers and investors will find this property highly appealing. Whether envisioning a state-of-the-art medical facility catering to the community's healthcare needs or a dynamic strip mall bustling with shops and services, this property offers the ideal canvas. And with ample parking spaces available, convenience is assured for visitors and tenants alike. Don't miss out on the chance to bring your vision to life in one of Calgary's most promising locations! (Please note: The conceptual sketch provided is for illustrative purposes only.)

Property details

Basic Info

MLS® #
A2062019
Property Type:
Commercial
Subtype:
Retail
Subdivision:
Mount Pleasant
Price
$5,490,000
Sale/Lease:
For Sale
Size:
10,696 sq.ft.
Year Built:
1963 (61 years old)

Building Info

Structure Type:
Retail
Garage:
No
Fence:
Basement:
No
Inclusions:
none

Lot / Land Info

Lot Size:
0.51 acres
Zoning:
C-COR1 f5.0h37

Materials & Systems

Roof:
Asphalt/Gravel
Exterior:
Other
Foundation:
Perimeter Wall, Slab
Heating:
Standard, Forced Air, Natural Gas
Cooling:
Central Air

Listing Info

Possession:
Negotiable
Days on Market:
284
Your Realtor
  • Cord Spero

    RE/MAX Grande Prairie
    780-832-5880

    Email

    Ask a question
    Share This Listing
    Related Properties