Courtesy Of CENTURY 21 BRAVO REALTY

900, 5075 Falconridge Boulevard Ne, Calgary

$10,900,000


Take hold of this extremely rare opportunity! Magnolia Banquet Hall has been one of Calgary’s Leading wedding/event venues and is now for sale, along with its 1.79 acre plaza property. The first floor opens up to the newly renovated and updated Magnolia Banquet Hall, as well as a fully operating renowned Indian restaurant and sweet shop. The second floor comprises of The Jasmine Lounge, and 8 flex spaces which are 100% leased. Additional building features/amenities include: commercial - community 2 district zoning (C-C2f1), long-term mixed use tenants, 2 levels of underground parking, additional surface level parking, 4-storey elevator, fully installed security system, easy access to Calgary transit, and it is located in the heart of the North East. This building was built in 2008 and has over 24,000 square feet above grade, the building foundation is concrete slab with a metal frame superstructure, and includes glass pane doors and windows. Magnolia Banquet Hall and The Jasmine Lounge are exceptional businesses that have been successfully operating for over a decade. This venue is highly reputable in the community and has hosted many weddings, conferences, birthdays, concerts, etc. They are fully booked for 2022 and well on their way to being fully booked for 2023 as well, with forecasted continual growth. This is a once in a lifetime investment prospect, for all general inquires and/or property tours book today!

Essential Information
MLS® #A1244644
Price$10,900,000
Bathrooms0.00
Acres2.00
Year Built2008
TypeCommercial
Sub-TypeMixed Use
StatusPending
Community Information
SubdivisionWestwinds
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT3J 3K9
Address

900, 5075 Falconridge Boulevard Ne

Interior
HeatingForced Air, Natural Gas
Exterior
RoofFlat
ConstructionConcrete, Metal Frame
FoundationSlab
Lot Description

Low Maintenance Landscape, Private, Irregular Lot

Additional Information
Date ListedAugust 23rd, 2022
Days on Market42
ZoningC-C2 f1.0h18
Listing Details
Office

Courtesy Of CENTURY 21 BRAVO REALTY

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