A2273010

Price:
$5,299,000  For Sale
MLS® No:
A2273010
Community:
Mount Pleasant
Address:
526 16 Avenue NW, Calgary, Alberta, Canada, T2M0J4
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Features

Approximate Square Footage:
11000 sqft
Heat Source:
Natural gas
Heat Type:
Forced air
Fire Place:
N

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. ) (id:5856)
Listing Contracted With: TrustPro Realty (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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Gloria SunAssociateDirect: 403-830-0568Bus: 403-390-7080