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. (id:51989)
Features of Unknown Address
- MLS® Number A2295896
- Price $3,650,000
- Square Footage: 9900 sqft
- Parking Space Total 14
- Plan C
- Total Buildings 1
Business
| Business Type | Restaurant | Business Sub Type | Restaurant |
Buildings
| Constructed Date | 1950 | Size Exterior | 9900 Sqft |
| Size Interior | 9900 Sqft | Total Finished Area | 9900 Sqft |
Land
| Acreage | No | Size Depth | 42.67 M |
| Size Frontage | 19.81 M | Size Irregular | 9100.00 |
| Size Total | 9100 Sqft|7,251 - 10,889 Sqft | Size Total Text | 9100 Sqft|7,251 - 10,889 Sqft |
| Zoning Description | Cr20-c20/r20 |
Agents and Offices
- Ed Kwan
- Office: First Place Realty