526 16 Avenue NW, Calgary   ||   $5,790,000

DETAILS

MLS® NUMBER A2062019
BUILDING TYPE Retail
PROPERTY CLASS Commercial
YEAR BUILT 1963
BASEMENT None
GARAGE No

Introducing an income-producing commercial property with over 0.5 acres of land and a 10,000+ sq ft building located along Calgary\'s major corridor, the TransCanada Hwy. Positioned near downtown, the airport, Deerfoot highway, SAIT, and the University of Calgary, this property offers exceptional potential for redevelopment with mixed-use buildings. Zoned for C-cor 2, it boasts a 5.0 FAR and a maximum height of 37 meters, priced at approximately $52.00 per buildable square foot. With an effective gross income of $230,000/annual and NOI of $100,000/annual, this property presents a highly attractive investment opportunity for developers and investors. The North Hill Community\'s vision to create the next \"Yonge and Eglington\" in Canada adds further value to this promising location. The conceptual sketch is for demonstration only.
Listing Brokerage: KEY REALTY GROUP INC.

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