Property Details for MLS® # A2062019
526 16 Avenue, Calgary
Retail Property for Sale
- MLS®#: A2062019
- Price: $5,490,000
- Status: Active
- Year Built: 1963
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.)
Contact Dan Salloum About MLS® A2062019
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®#: A2062019
- Year Built: 1963
Community Information
- Address: 526 16 Avenue
- Neighbourhood: Mount Pleasant
- City: Calgary
- Postal Code: T2M 0J4
interior
- Included: none
- Fireplace Details: For Sale
exterior
- Exterior Finish: Other
- Construction: Other
- Roof: Asphalt/Gravel
services & amenities
- Heating: Standard,Forced Air,Natural Gas
- Heating: Standard, Forced Air, Natural Gas
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