4715 88 Av NE - Storefront Retail/Office FOR SALE


Calgary, AB T3J 4C5- Suburban North
$389,000 CAD
825-425-3976

NO PHOTO

$389,000 CAD
Storefront Retail/Office - FOR SALE
null | 4% Cap Rate

4715 88 Av NE
Calgary, AB T3J 4C5
Suburban North


HIGHLIGHTS

  • ±600 SF of efficiently designed office space featuring four private offices and a kitchen/staff area
  • Modern construction (2021) providing contemporary finishes and building systems
  • Significant leasehold improvements reported at up to ~$150,000, offering turnkey occupancy for an owner-user
  • Income-producing potential with advertised gross rent of approximately $2,200/month
  • Positioned near Saddlepeace?peace Gurdwara, contributing to strong pedestrian activity and daily-needs demand
  • Ideal for professional owner-users or small investors seeking compact office exposure in a high-density, growing NE Calgary market

OVERVIEW

Unit 1220 at 4715 88 Avenue NE is a second-floor office condominium located within a fully leased neighbourhood commercial plaza in the Saddle Ridge area of Northeast Calgary. The unit comprises approximately 600 SF and features four private offices and a dedicated kitchen/staff area, with extensive leasehold improvements reportedly valued at up to $150,000, providing turnkey occupancy. The building was constructed in 2021 and is zoned C-N2 (Commercial – Neighbourhood 2), supporting a range of professional and service-oriented office uses. The property is being marketed at an asking price of $389,000, equating to approximately $648/SF. The listing indicates potential gross rental income of approximately $2,200 per month, implying an advertised ~10% gross yield, though income and expense details have not been independently verified. Annual municipal property taxes are reported at approximately $4,714. The condominium includes a reported land component of 119 m² (approximately 0.03 acres), held as a shared condominium interest rather than fee-simple land. The unit benefits from its location near the Saddle peace Gurdwara, which contributes to strong pedestrian activity and daily foot traffic within the plaza. Overall, the property presents as a modern, small-format office investment or owner-user opportunity within a dense, growing residential trade area of NE Calgary.

FOR SALE DETAILS

PRICE

$389,000 CAD

PRICE/SF

$9 CAD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dillon Business Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-N 1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ramesh VermaReal Estate Professionals Inc.More Info
825-425-3976

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Ramesh VermaReal Estate Professionals Inc.More Info
825-425-3976

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