526 16 Avenue Nw, Calgary, Alberta

$5,490,000

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0.51

Acres

About 526 16 Avenue Nw

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.)

Features of 526 16 Avenue Nw

MLS® # A2062019
Price $5,490,000
Bathrooms 0.00
Acres 0.51
Year Built 1963
Type Commercial
Sub-Type Retail
Status Active

Community Information

Address 526 16 Avenue Nw
Subdivision Mount Pleasant
City Calgary
County Calgary
Province Alberta
Postal Code T2M 0J4

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas, Standard
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Roof Asphalt/Gravel
Construction Other
Foundation Perimeter Wall, Slab

Additional Information

Date Listed June 28th, 2023
Days on Market 381
Zoning C-COR1 f5.0h37
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKEY REALTY GROUP INC.

Listing Map

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