Listing photo for 526 16 Avenue Nw, Calgary, Alberta
Listing photo for 526 16 Avenue Nw, Calgary, Alberta
Listing photo for 526 16 Avenue Nw, Calgary, Alberta
Listing photo for 526 16 Avenue Nw, Calgary, Alberta
Listing photo for 526 16 Avenue Nw, Calgary, Alberta
Listing photo for 526 16 Avenue Nw, Calgary, Alberta
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526 16 Avenue Nw,

Calgary, Alberta $5,490,000

$5,490,000

0.51 Acre

Price Reduced! Introducing a versatile commercial property offering endless possibilities, now available at a reduced price! With over 0.5 acres of land and a spacious 10,000+ sq ft building, this income-producing asset sits prominently along Calgary's TransCanada Hwy, offering unparalleled visibility. Its strategic location near downtown, the airport, Deerfoot highway, SAIT, and the University of Calgary makes it an ideal candidate for redevelopment into either a cutting-edge medical clinic or a vibrant strip mall. Zoned for C-cor 2 and boasting a 5.0 FAR, with a maximum height of 37 meters, this property provides ample room for expansion and innovation. Priced attractively at approximately $52.00 per buildable square foot, it presents an enticing investment opportunity. With an effective gross income of $230,000 annually and a NOI of $100,000 annually, developers and investors will find this property highly appealing. Whether envisioning a state-of-the-art medical facility catering to the community's healthcare needs or a dynamic strip mall bustling with shops and services, this property offers the ideal canvas. And with ample parking spaces available, convenience is assured for visitors and tenants alike. Don't miss out on the chance to bring your vision to life in one of Calgary's most promising locations! (Please note: The conceptual sketch provided is for illustrative purposes only.)

Facts & Features
MLS® # A2062019
Price $5,490,000
Bathrooms 0.00
Acres 0.51
Year Built 1963
Type Commercial
Sub-Type Retail
Status Active
Community Information
Address 526 16 Avenue Nw
Subdivision Mount Pleasant
City Calgary
County Calgary
Province Alberta
Postal Code T2M 0J4
Amenities
Is Waterfront No
Has Pool No
Interior
Heating Forced Air, Natural Gas, Standard
Cooling Central Air
Fireplace No
Has Basement No
Exterior
Roof Asphalt/Gravel
Construction Other
Foundation Perimeter Wall, Slab
Additional Information
Date Listed June 28th, 2023
Days on Market 303
Zoning C-COR1 f5.0h37
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office KEY REALTY GROUP INC.
Photo of Gary Ghuttora

Gary Ghuttora

Cell: 403-921-5330

MLS listings provided by Pillar 9™. Information Deemed Reliable But Not Guaranteed. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information last updated on April 27th, 2024 at 4:30pm MDT.

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