Courtesy Of RE/MAX REALTY PROFESSIONALS

630-642 16 Avenue Nw, Calgary

$2,700,000


This Property represents a rare opportunity to acquire a value-add retail strip within the inner-city community of Mount Pleasant along the primary urban corridor of 16 Avenue NW. Currently improved with a 10,048 square foot retail strip, the existing improvements can be readily repositioned as a value-add retail play. There is also long-term development potential. • Buildable Density: Site size of 18,003 SF; Allowable FAR of 4.5 and a buildable square footage of 81,014 SF• Within 650 metres of two major post-secondary institutions: Southern Alberta Institute of Technology (SAIT) and Alberta University of the Arts• Exposure to an average daily vehicle traffic count of 48,000• Future LRT: Within 880 metres of the future Green Line LRT station at Centre Street N and 16 Avenue NW. This property is part of the 16 Avenue North Urban Corridor Area Redevelopment Plan (ARP). The Plan focuses on 16 Avenue from 14 Street NW to 6 Street NE and includes adjacent properties to the north and south generally along 15 and 17 Avenue. The Plan supports immediate and long-term development in the corridor along 16 Avenue. NOTE - this property can be sold with the MIDAS building next door at 630-642 16th Ave NW.

Essential Information
MLS® #A2002000
Price$2,700,000
Bathrooms0.00
Acres0.00
Year Built1950
TypeCommercial
Sub-TypeRetail
StatusActive
Community Information
Address630-642 16 Avenue Nw
SubdivisionMount Pleasant
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2M 0J7
Additional Information
Date ListedSeptember 20th, 2022
Days on Market15
ZoningC-COR1 f4.5h28
Listing Details
Office

Courtesy Of RE/MAX REALTY PROFESSIONALS

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