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 

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. 

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Data last updated 11:55 PM UTC, 10/14/2024

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