630-642 16 Avenue NW

Calgary, AB, T2M 0J7

$2,700,000

$268 per ft²
$2,700,000
$268 per ft²
Active
Active
 - For Sale
carpenters-square
10,048 ft²
property_type
Commercial
calendar
Built 1950
This Property represents a rare opportunity to acquire a value-add retail strip within the inner-city community of Mount Pleasant along the primary urban corridor of 16 Avenue NW. Currently improved with a 10,048 square foot retail strip, the existing improvements can be readily repositioned as a value-add retail play. There is also long-term development potential. • Buildable Density: Site size of 18,003 SF; Allowable FAR of 4.5 and a buildable square footage of 81,014 SF• Within 650 metres of two major post-secondary institutions: Southern Alberta Institute of Technology (SAIT) and Alberta University of the Arts• Exposure to an average daily vehicle traffic count of 48,000• Future LRT: Within 880 metres of the future Green Line LRT station at Centre Street N and 16 Avenue NW. This property is part of the 16 Avenue North Urban Corridor Area Redevelopment Plan (ARP). The Plan focuses on 16 Avenue from 14 Street NW to 6 Street NE and includes adjacent properties to the north and south generally along 15 and 17 Avenue. The Plan supports immediate and long-term development in the corridor along 16 Avenue. NOTE - this property can be sold with the MIDAS building next door at 630-642 16th Ave NW.
MLS® ID:
A2002000
Listed:
9/19/22
Updated:
10/6/22
Sotheby's International Realty
Corinne Poffenroth

Exterior/Building Features

Lot Size
0.41 acres lot

Other Property Details

Garage
No
Parking
N
View
N
County
Calgary
Pool
No
Zoning
C-COR1 f4.5h28

 

Courtesy of RE/MAX REALTY PROFESSIONALS, Daniel Weiner

Listing Contact:  

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Data last updated 6:00 PM UTC, 10/6/22

Sotheby's International Realty
Corinne Poffenroth
Contact