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$5,500,000
Est. payment /mo
9,975 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,975 sqft
Price per Sqft $551
Subdivision Beltline
MLS Listing ID A2205113
HOA Y/N No
Year Built 1900
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Mixed Use
Property Description
Click brochure link for more details. Prime future development site! Four year sale-leaseback offering exceptional holding income/yield 1231 10th Avenue SW is a 22,770 square foot future mixed-use redevelopment site located in the west end of Calgary's popular Beltline District. The property's high-profile location offers excellent access to the Downtown Core while enjoying the numerous dining, shopping, recreation, and entertainment offerings of an inner-city location.
The site is zoned for high-density mixed-use development allowing for a maximum density of 8 times site area. The existing 9,975 square foot retail building is fully leased to Vistek Camera Store. The Vendor is willing to offer a sale leaseback to include a four year term at a lease rate of $16.00 per square foot.
The area immediately surrounding the Property has seen a number of recent and successful multi-residential developments providing a strong business model for future redevelopment of the Property and the strengthening demand for West Beltline development opportunities.”
The site is zoned for high-density mixed-use development allowing for a maximum density of 8 times site area. The existing 9,975 square foot retail building is fully leased to Vistek Camera Store. The Vendor is willing to offer a sale leaseback to include a four year term at a lease rate of $16.00 per square foot.
The area immediately surrounding the Property has seen a number of recent and successful multi-residential developments providing a strong business model for future redevelopment of the Property and the strengthening demand for West Beltline development opportunities.”
Location
Province AB
County 0046
Zoning CC-X
Interior
Inclusions Call seller directly
Fireplace No
Exterior
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions Phone Listing Broker
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Listed by Honestdoor Inc.
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