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Home AB Greater Calgary Calgary Beltline
1231 10 Avenue SW
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1231 10 Avenue SW $5,500,000
6 days ago
$5,500,000
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1231 10 Avenue SW
Calgary, Alberta T3C0J3

MLS® Number: A2205113

Listing 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.” (30295178)

Property Summary

Property Type
Other
Building Type
Commercial Mix
Community Name
Beltline
Subdivision Name
Beltline
Land Size
2115 m2|21,780 - 32,669 sqft (1/2 - 3/4 ac)
Built in
1900
Annual Property Taxes
$89,948
Time on REALTOR.ca
6 days

Measurements

Square Footage
9975 sqft
Total Finished Area
9975 sqft
Exterior Building Size
9975 sqft

Land

Lot Features
Road Type
Paved road
Other Property Information
Zoning Description
CC-X
Data provided by: Pillar 9™
Michelle Plach