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$1,490,000
Est. payment /mo
5,040 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Capitol Hill
MLS® Listing ID A2202528
Originating Board Calgary
Annual Tax Amount $30,222
Tax Year 2024
Lot Size 5,040 Sqft
Acres 0.12
Property Sub-Type Retail
Property Description
This Commercial-Corridor 2 (C-COR2) zoned property presents a prime investment opportunity in Capitol Hill, strategically positioned along 14th Street and Highway 1 (16th Ave). Situated on a 5,000+ sq. ft. lot, the 4,600+ sq. ft. building, plus a 2,300 sq. ft. basement, accommodates a diverse tenant mix, including a liquor store, music school, coffee machine shop, and hair salon, providing a stable income stream with a 2025 city assessment of $1.46 M. The property features eight dedicated parking stalls and underwent electrical upgrades in 2022. With significant redevelopment potential, including the possibility of rezoning for a taller mixed-use development, this high-exposure, high-traffic location offers a compelling opportunity for investors seeking both immediate returns and long-term appreciation. Please don't approach the tenants.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning C-COR2
Interior
Inclusions Non
Others
Restrictions None Known
Tax ID 95328150
Ownership Private
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Listed by CIR Realty