Ed Kwan

(403) 397-6667

First Place Realty

403-547-8401

Calgary , Alberta

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Restaurant For Sale

$3,650,000

Calgary, Alberta

Transaction Type

For Sale

Days On Market

Business Type

Restaurant

Zoning

CR20-C20/R20

Year Built

1950

Property Type

Commercial

Building Area (Sq. Ft.)

9900.00

Lot Size (Sq. Ft.)

9100

Listing ID: 34545

MLS ID: A2295896

Fully leased stand-alone building in downtown Calgary, offering a 7% return on investment. Net rental income is $255,000. Located in the central part of the city on Centre Street and Fifth Avenue. The property has a 9,100 sq ft footprint on a lot measuring 65 ft front by 140 ft deep, with CR20-C20/R20 zoning. It has high yield potential and neighbour land assembly options. The total frontage can be extended to 115 ft along 5th Avenue. Situated across from the Bow Tower, it is an excellent holding property with current income, potential for appreciation, and development opportunities.

Transaction Type
For Sale

Days On Market
21

Business Type
Restaurant

Zoning
CR20-C20/R20

Year Built
1950

Structure Type
Low Rise (2-4 stories)

Property Type
Commercial

Property Sub Type
Business

Building Area (Sq. Ft.)
9900.00

Building Area (Sq. M.)
919.73

Lot Size (Sq. Ft.)
9100

Lot Size (Acres)
0.21