Prime Downtown Retail/Redevelopment – 7%+ Cap RateLocation: 5th Ave SW, Downtown Calgary | Land: 9,148 SF (0.21 AC) | Building: 11,750 SF | Zoning: CR20-C20/R20Investment Highlights:• 7%+ cap rate with stable tenants | Tower potential (20-storey + PLUS 15 access) Fully leased• Prime exposure across from The Bow | Flexible uses: retail, office, residential, hotel, medical, more• Land assembly option (114 5th Ave also available) | Includes lots of rear parkingIdeal for investors/developers seeking high-return downtown asset with future upside.Confidential showings – Do not approach tenants. (id:55577)
Property Features
- MLS® Number A2229235
- Price $3,600,000
- Square Footage: 126477 sqft
- Property Type: Retail
- Community Name: Downtown Commercial Core
- Plan C
Buildings
| Constructed Date | 1950 | Size Exterior | 126477 Sqft |
| Size Interior | 126477 Sqft | Total Finished Area | 126477 Sqft |
| Type | Retail |
Land
| Acreage | No | Size Irregular | 78.60 |
| Size Total | 78.6 M2|0-4,050 Sqft | Size Total Text | 78.6 M2|0-4,050 Sqft |
| Zoning Description | Cr20-c20/r20 |
Agents and Offices
- Jason Lamer
- Enoch Lui
- Office: Century 21 Bravo Realty