526 16 Avenue NW

Retail For Sale in Mount Pleasant, Calgary CC

$5,790,000
Introducing an income-producing commercial property with over 0.5 acres of land and a 10,000+ sq ft building located along Calgary's major corridor, the TransCanada Hwy. Positioned near downtown, the airport, Deerfoot highway, SAIT, and the University of Calgary, this property offers exceptional potential for redevelopment with mixed-use buildings. Zoned for C-cor 2, it boasts a 5.0 FAR and a maximum height of 37 meters, priced at approximately $52.00 per buildable square foot. With an effective gross income of $230,000/annual and NOI of $100,000/annual, this property presents a highly attractive investment opportunity for developers and investors. The North Hill Community's vision to create the next "Yonge and Eglington" in Canada adds further value to this promising location. The conceptual sketch is for demonstration only.
Address 526 16 Avenue NW
List Price $5,790,000
Property Type Commercial
Type of Dwelling Retail
Area Calgary CC
Sub-Area Mount Pleasant
Lot Size 22260 Ac.
Year Built 1963
MLS® Number A2062019
Listing Brokerage KEY REALTY GROUP INC.
Postal Code T2M 0J4
Zoning C-COR1 f5.0h37

Request More Info or a Showing

Prestige Commercial Group

Remax Complete Realty

11450 29 St SE #201 Calgary Alberta T2Z 3V5

Office: 403-204-9323

Email Directly