Property Details for MLS® # A2160908
1111 7 Street, Calgary
Retail Property for Sale
- MLS®#: A2160908
- Price: $1,764,000
- Status: Active
- Year Built: 1911
Attention investors and business owners: A fantastic opportunity awaits in the thriving Beltline area at 11th Ave and 7th St SW. The existing lease is valid until January 31, 2027, with a monthly rent of $6,000 and shall be extended for a further five (5) years and expire on January 31, 2032, with the rent of $7,000 monthly plus four dedicated parking stalls. The business run by the existing tenant has obtained a high-rated review. The property underwent significant interior renovations in 2018, totaling $120,000, followed by a redesign in 2020. An electrical upgrade and a new hot water tank, costing $50,000, were also added in 2019. This makes it an ideal investment for your real estate portfolio, featuring a history of reliable tenants, including a top-rated restaurant that has always met its rent obligations. Please avoid contacting the tenant or their staff directly. Note: GST is included in the price.
Contact Dan Salloum About MLS® A2160908
Dan Salloum, 403-807-0366 at RE/MAX HOUSE OF REAL ESTATE, 4034-16 st SW, Calgary, Alberta, T2T-4H4
property information
- Property Type: Retail Property
- MLS®#: A2160908
- Year Built: 1911
Community Information
- Address: 1111 7 Street
- Neighbourhood: Beltline
- City: Calgary
- Postal Code: T2R 1A1
interior
- Included: N/A
- Fireplace Details: For Sale
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