526 16 AVE Northwest Active

Calgary,AB T2M 0J4

$ 5490000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Mount Pleasant

MLS Listing ID A2062019

Year Built 1963

Lot Size 0.511 Acres

Acres 0.51

Property 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.)

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning C-COR1 f5.0h37

Interior

Heating Standard,Forced Air,Natural Gas

Cooling Central Air

Inclusions none

Exterior

Roof Type Asphalt/Gravel

Building

Dwelling Type Retail

Foundation Perimeter Wall,Slab

Structure Type Other

Others

Restrictions None Known

Tax ID 82802928

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