David Song
(403) 702-6888

KEY REALTY GROUP INC.
403-702-6888

526 16 Avenue NW
  Calgary , Alberta   T2M 0J4
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526 16 Avenue NW For Sale

$5,490,000
Calgary, Alberta

Transaction Type
For Sale
Days On Market
391
Zoning
C-COR1 f5.0h37
Year Built
1963
Property Type
Commercial
Building Area (Sq. Ft.)
10696.00
Lot Size (Sq. Ft.)
22260

Listing ID: 21446
MLS ID: A2062019
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.)
Transaction Type
For Sale
Title
Fee Simple
Days On Market
391
Zoning
C-COR1 f5.0h37
Subdivision
Mount Pleasant
Building Type
Free-Standing,Office Building,Retail
Year Built
1963
Structure Type
Retail
Property Type
Commercial
Property Sub Type
Retail
Legal Plan
2934O
Building Area (Sq. Ft.)
10696.00
Building Area (Sq. M.)
993.68
Lot Size (Sq. Ft.)
22260
Lot Size (Acres)
0.51
Construction Type
Other
Roof
Asphalt/Gravel
Foundation
Perimeter Wall,Slab
Cooling
Central Air
Heating
Standard,Forced Air,Natural Gas
Access to Property
Front and Rear Drive access,Direct Access
Inclusions
none
Restrictions
None Known
Reports
None

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