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Key Details
Sold Price $5,350,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Beltline
MLS® Listing ID A2137759
Sold Date 10/21/24
Originating Board Calgary
Year Built 1974
Annual Tax Amount $73,509
Tax Year 2023
Lot Size 0.364 Acres
Acres 0.36
Property Description
Exclusive opportunity in Calgary’s Beltline District with tremendous development potential. CC-X zoning allows for a blend of commercial, residential, and mixed-use projects, Maximize development footprint and profitability with the density of Base 5.0 FAR + 3.0 Bonus FAR. Prime downtown location with excellent visibility and increasingly rare freehold site size with a total 99 ft frontage and 160 ft depth. Proximity to major amenities, business centers, and attractions. Calgary is a thriving economic hub with a strong real estate market, diversified economy and record breaking, new in-migration. Resurgence in urban development with infrastructure projects and revitalization initiatives are ideal for businesses in this location. Take advantage of Calgary’s growing population, young, entrepreneurial vibe, and rapidly evolving cityscape. Strong income from tenants and parking make this an ideal investment in a vibrant city. Call for more details.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning CC-X
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Roof Type Asphalt Shingle
Lot Frontage 99.0
Total Parking Spaces 25
Others
Restrictions None Known
Ownership Private
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