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$ 5,499,000
Est. payment | /mo
0.51 Acres Lot
$ 5,499,000
Est. payment | /mo
0.51 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Mount Pleasant
MLS® Listing ID A2231429
Year Built 1963
Annual Tax Amount $59,000
Tax Year 2025
Lot Size 0.511 Acres
Acres 0.51
Property Sub-Type Retail
Source Calgary
Property Description
Introducing a versatile commercial property offering endless possibilities, now available! 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.)
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.)
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning C-COR1 f5.0h37
Interior
Heating Standard, Forced Air, Natural Gas
Cooling Central Air
Inclusions see remarks
Exterior
Roof Type Asphalt/Gravel
Building
Foundation Perimeter Wall, Slab
Structure Type Other
Others
Restrictions None Known
Tax ID 101418665
Ownership Private
Listed by Key Realty Group Inc.