Active
526 16 Avenue NW
Calgary Alberta, T2M 0J4
$5,490,000
$513.28 per sqft
Active
10,696 sqft
Commercial
Built in 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.)
A2062019
MLSⓇ ID
June 28, 2023
Listed
October 14, 2024
Updated
Map
526 16 Avenue NW
Calgary Alberta, T2M 0J4
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Standard, Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.51 Acres
Roof
Asphalt/Gravel
Other Property Details
Days on Market
284
Garage
No
View
No
County
Calgary
Pool
No
Zoning
C-COR1 f5.0h37
Listing History
Date | Event | Price |
---|---|---|
3/17/2024 | Price change | $5,490,000 -6% |
Courtesy of KEY REALTY GROUP INC., David Song
Listing Contact: 403-702-6888
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Data last updated 11:55 PM UTC, 10/14/2024