Gloria Sun
(403) 830-0568
TrustPro Realty
403-390-7080
526 16 Avenue NW
Calgary , Alberta T2M 0J4
Calgary , Alberta T2M 0J4
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Retail For Sale
$5,299,000
Investor & Developer Alert! An exceptional commercial redevelopment opportunity in one of Calgary’s most strategic and high-exposure corridors. This 0.51-acre property features a 10,000+ sq ft commercial building and is ideally positioned along the TransCanada Highway, offering outstanding visibility and convenient access to major destinations including downtown, YYC Airport, Deerfoot Trail, SAIT, and the University of Calgary. Zoned C-COR1, with a generous 4.0 FAR and a permitted 37m building height under the North Hill Community Area Plan, this site presents significant potential for large-scale mixed-use development, including residential units, commercial retail, a vibrant strip mall, professional services, or medical-related uses. The existing building is a strong income producer, generating approximately $240,000 in effective gross income annually with a $100,000 NOI, making it an ideal holding property while planning your redevelopment. The lot offers ample on-site parking, high traffic exposure, and a prime location that supports long-term value. This is a rare chance to secure a high-potential redevelopment site in a central, rapidly evolving Calgary corridor. Don’t miss this exceptional opportunity! (Conceptual drawings are for illustrative purposes only.)
Transaction Type
For Sale
For Sale
Days On Market
2
2
Business Type
Retail
Retail
Zoning
C-COR1 f4.0h24
C-COR1 f4.0h24
Subdivision
Mount Pleasant
Mount Pleasant
Building Type
Free-Standing,Office Building,Retail
Free-Standing,Office Building,Retail
Year Built
1963
1963
Structure Type
Retail
Retail
Property Type
Commercial
Commercial
Property Sub Type
Retail
Retail
Legal Plan
2934O
2934O
Building Area (Sq. Ft.)
11000.00
11000.00
Building Area (Sq. M.)
1021.92
1021.92
Lot Size (Sq. Ft.)
22259
22259
Lot Size (Acres)
0.51
0.51
Heating
Forced Air,Natural Gas
Forced Air,Natural Gas
Inclusions
N/A
N/A
Restrictions
None Known
None Known
Reports
None
None