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Property Description

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.

Features
: City Lot, Flag Lot
Address Map
Alberta
Calgary
Calgary
0
W115° 55' 41.2''
N51° 2' 41''
E
MLS Addon
C192000

Commercial For Sale

Calgary, Alberta

0 Bedrooms
0 Bathrooms
0 Sqft
Visits : 5 in 94 days
$3,650,000
Listing ID #A2295896
Basic Details
Property Type : Commercial
Property Sub Type : Business
Listing Type : For Sale
Listing ID : A2295896
Price : $3,650,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1950
Lot Area : 0.21 Acre
Status : Active
Days On Market : 31
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