1507 20 Av NW - Freestanding FOR SALE


Calgary, AB - Suburban North
$4,950,000 CAD
587-288-1620
1507 20 Av NW, Calgary, AB for Sale
$4,950,000 CAD
Freestanding - FOR SALE
1/25
null | Request Cap Rate

1507 20 Av NW
Calgary, AB
Suburban North


HIGHLIGHTS

  • Immaculate Turnkey Condition
  • High Exposure Inner City Location
  • Ideal Rental Income while awaiting Re-Development Plans

OVERVIEW

This lot is approximately 141 x 130 SF and includes a large commercial building with an adjacent Bungalow to the rear (West). The parcel is located on a prominent inner city corner and is 16,805 sq.ft total, facing a sprawling greenspace to the North. The commercial component is fully rented and the house is expected to be rented out imminently. Commercial building comes with 9 parking stalls, additional parking at the back, and loading bays. Environmental Phase I and Phase II along with Compliant RPR are available. Re-development of the entire site could entail mixed-use apartment buildings varying from 4-15 storeys. The community of Capitol Hill is known for favouring density and development, and is already home to abundant destination-oriented retail that attracts residents both within the community and across the site. The site is situated on 14th Street with access to other major thoroughfares, including 16 Avenue NW, making it easily accessible and offering great signage potential. Proximity to greenspace, transit and overall walkability are key attributes that make this a valuable parcel both in its current form for generating rental income, and as a future re-development play.

FOR SALE DETAILS

PRICE

$4,950,000 CAD

PRICE/SF

$1,057 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,805 SF

ZONING

C-COR2

APN/PARCEL ID

201746484

ASK ABOUT THIS PROPERTY

Kamil LaljiCIR RealtyMore Info
587-288-1620

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Kamil LaljiCIR RealtyMore Info
587-288-1620

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