116 5 SE Av - Restaurant FOR SALE


Calgary, AB T2G 0E3- North Hill/Downtown/Beltline
$3,650,000 CAD
587-330-0973
116 5 SE Av, Calgary, AB for Sale
$3,650,000 CAD
Restaurant - FOR SALE
1/4
null | 6.99% Cap Rate


HIGHLIGHTS

  • Fifth Ave Stand Alone building, 7000sf lot
  • Commercial zoned, no height restriction
  • adjacent, equal size lot also available

OVERVIEW

Calgary Downtown Stand alone commercial investment, better than multi family, no RTA hassles. 9,100sf land, rentable 11500sf. NOI $260,000, 7% cap. 3 tenants, solid leases. Turn-key investment. Right in the heart of DT, across from Bow Tower on 5th Ave. 14 parking at the back. Access from 5th Ave. No building height restriction. The adjacent lot is also available, 7000sf, for a total of 16,100sf of footprint and 115ft of 5th Ave linear exposure.

FOR SALE DETAILS

PRICE

$3,650,000 CAD

PRICE/SF

$317 CAD /SF

CAP RATE

6.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CR20-C20

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Edward KwanFirst Place RealtyMore Info
587-330-0973

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Edward KwanFirst Place RealtyMore Info
587-330-0973

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.