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526 16 Avenue NW in Calgary: Mount Pleasant Retail for sale : MLS®# A2062019

526 16 Avenue NW Calgary T2M 0J4 : Mount Pleasant

Main Photo: 526 16 Avenue NW in Calgary: Mount Pleasant Retail for sale : MLS®# A2062019
$5,490,000
Prop. Type:
Commercial
MLS® Num:
A2062019
Status:
Active
Build. Type:
Free-Standing
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 Type:
Commercial
Property Sub Type:
Retail
Transaction Type:
For Sale
Lease Measure:
Square Feet
Possession:
Possession Date:
Building Type:
Free-Standing, Office Building, Retail
Total Building Area:
Switch units of measure10,696 sq. ft.
Lower Level Finished Area:
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Above Grade Finished Area:
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Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
Switch units of measure22,260 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
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Acres Not Cultivated:
Acres Freehold:
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Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
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Reg. Size Includes:
Year built:
1963 (Age: 61)
Bathrooms:
- (Full:-, Half:-)
Plan:
2934O
Heating:
Standard, Forced Air, Natural Gas
Foundation:
Perimeter Wall, Slab
Construction Material:
Other
Structure Type:
Retail
Roof:
Asphalt/Gravel
Ensuite:
No
Cooling:
Central Air
Garage:
0
Ceiling Height:
Switch units of measure12'
Mount Pleasant (Calgary)
none
None Known
Title to Land:
Fee Simple
Access To Property:
Front and Rear Drive access, Direct Access
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
C-COR1 f5.0h37
Listed Date:
Jun 28, 2023
Days on Mkt:
Listed by Key Realty Group Inc.
Data was last updated November 16, 2024 at 08:05 PM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.