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No
Yes
526 16 Avenue NW
Calgary
Update on 2023-07-04 10:05:04 AM
$5,490,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1963
YEAR BUILT
MLS® Number
A2062019
PROPERTY TYPE
Commercial
LISTING DATE
2023-06-28
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.)
(403) 271-0600
| COMMUNITY | Mount Pleasant |
| TYPE | Commercial |
| STYLE | |
| YEAR BUILT | 1963 |
| SQUARE FOOTAGE |
| BEDROOMS | |
| BATHROOMS | |
| BASEMENT | |
| FEATURES |
| GARAGE | 0 |
| PARKING | |
| ROOF | AsphaltGR |
| LOT SQFT | 2068 |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|---|---|
| Master Bedroom | ||
| Second Bedroom | ||
| Third Bedroom | ||
| Dining Room | ||
| Family Room | ||
| Kitchen | ||
| Living Room |
INTERIOR
Central Air, Standard, Forced Air, Natural Gas,
EXTERIOR
Broker
KEY REALTY GROUP INC.
Agent