$3,650,000

PURCHASE PRICE

MLS A2295896

BUSINESS · BUILT 1950

MLS A2295896 · 108 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

Fully leased stand-alone building in downtown Calgary, offering a 7% return on investment. Net rental income is $255,000. Located in the central part of the city on Centre Street and Fifth Avenue. The property has a 9,100 sq ft footprint on a lot measuring 65 ft front by 140 ft deep, with CR20-C20/R20 zoning. It has high yield potential and neighbour land assembly options. The total frontage can be extended to 115 ft along 5th Avenue. Situated across from the Bow Tower, it is an excellent holding property with current income, potential for appreciation, and development opportunities.

DETAILS

TRANSACTION

TRANSACTION: For Sale

BUILDING

TYPE: Business
YEAR BUILT: 1950

PARKING

TOTAL PARKING: 14

LOT & EXTERIOR

LOT SIZE (SQFT): 9,100
LOT SIZE (ACRES): 0.21
LOT: City Lot · Flag Lot

COMMUNITY

ZONING: CR20-C20/R20

UTILITIES & COSTS

ANNUAL TAXES: $53,480