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110 Point Mckay Crescent NW in Calgary: Point McKay Retail for sale : MLS®# A2046399

110 Point Mckay Crescent NW Calgary T3B 4W4 : Point McKay

Main Photo: 110 Point Mckay Crescent NW in Calgary: Point McKay Retail for sale : MLS®# A2046399
$6,500,000
Prop. Type:
Commercial
MLS® Num:
A2046399
Status:
Active
Build. Type:
Free-Standing
The Riverside Club is a 2-storey separately titled (fee simple) property located at 110 Point McKay Crescent NW, Calgary, AB. This property is nestled (and in fact adjoined) to “The Riverside Towers." The Riverside Towers are two 20-storey, residential high-rise condominium towers (totaling 300 residential units) in the attractive riverside community of Point McKay. The Subject Property is steps from the Bow River walk/bike pathway & Edworthy park. The Subject Property in this case is the Riverside Club, which is a separately titled, fee simple property sitting on a 0.64-acre site with 29,325 square feet (SF) over 2 levels. The main level contains an active fitness club that has a BOMA measured size of 14,106 SF and the 2nd level has a BOMA size of 15,219 SF. The Subject Property owner is also the owner of the business operating as the Riverside Club (operating and occupying the main level). The 2nd level is leased out to a variety of medical and lifestyle tenants including Riverside Spa, Riverside Sports Therapy, and Riverside Family Practice. The Subject Property has 110 parking stalls (a combination of on-site stalls and a paved overflow parking areas leased from the City of Calgary since the 1980's). A unique revenue generating feature of the Subject Property is the 2 licensed spaces that the Subject Property controls through two Recreation Agreements (dating back to 1989) with the Condominium Corporation of the adjacent “The Riverside Towers”. The Subject Property controls 18,656 SF space which is leased to the business operating as The Riverside Golf Centre. The 2nd licensed space is 20,475 SF and operates as 2 indoor tennis courts (managed through the Riverside Fitness Club). This is commercial real estate investment and re-position opportunity for those investors seeking properties positioned for health/wellness and medical tenancies. There is an opportunity for an owner/user hybrid investor that sees potential for its own business on some portion of the main level of the property. This is a unique opportunity for a great NW Calgary location.
Property Type:
Commercial
Property Sub Type:
Retail
Condo Type:
Not a Condo
Transaction Type:
For Sale
Lease Measure:
Square Feet
Possession:
Possession Date:
Building Type:
Free-Standing
Total Building Area:
Switch units of measure32,682 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:
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:
1985 (Age: 39)
Bathrooms:
- (Full:-, Half:-)
Plan:
8110760
Building Name:
Riverside
Structure Type:
Low Rise (2-4 stories)
Roof:
Metal, Tar/Gravel
Ensuite:
No
Garage:
0
Parking Places:
110.0
Parking Total/Covered:
110 / -
Point McKay
NA
Call Lister
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC (pre 1P2007)
Listed Date:
May 05, 2023
Days on Mkt:
Listed by CDN Global Advisors Ltd.
Data was last updated November 16, 2024 at 10:05 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.