12
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$5,299,000
Est. payment /mo
11,000 SqFt
Active
526 16 AVE NW Calgary, AB T2M 0J4
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,000 sqft
Price per Sqft $481
Subdivision Mount Pleasant
MLS Listing ID A2273010
Year Built 1963
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Retail
Property Description
Investor & Developer Alert! An exceptional commercial redevelopment opportunity in one of Calgary's most strategic and high-exposure corridors. This 0.51-acre property features a 10,000+ sq ft commercial building and is ideally positioned along the TransCanada Highway,offering outstanding visibility and convenient access to major destinations including downtown,YYC Airport,Deerfoot Trail,SAIT,and the University of Calgary. Zoned C-COR1,with a generous 4.0 FAR and a permitted 37m building height under the North Hill Community Area Plan,this site presents significant potential for large-scale mixed-use development,including residential units,commercial retail,a vibrant strip mall,professional services,or medical-related uses. The existing building is a strong income producer,generating approximately $240,000 in effective gross income annually with a $100,000 NOI,making it an ideal holding property while planning your redevelopment. The lot offers ample on-site parking,high traffic exposure,and a prime location that supports long-term value. This is a rare chance to secure a high-potential redevelopment site in a central,rapidly evolving Calgary corridor. Don't miss this exceptional opportunity! (Conceptual drawings are for illustrative purposes only.)
Location
Province AB
County Cal Zone Cc
Area Cal Zone Cc
Zoning C-COR1 f4.0h24
Direction NW
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Garage No
Building
Dwelling Type Retail
Others
Restrictions None Known
Listed by TrustPro Realty
NEARBY SCHOOL & BUSINESS
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