Prime Opportunity to Acquire 0.74 Acres of Development Land with Holding Income in One of Calgary's Most Desirable Inner-City Communities. Property details: Municipal addresses 201-217 4 Street N.E.; site size 0.74 acres (32,417 SF); land use designation MU-2; maximum FAR 9.0; maximum potential density 291,753 SF; maximum height 80M (26 stories); and up to 9,000 SF of walk-up retail with a welcoming plaza.Investment Highlights: This is an excellent opportunity to acquire a prominent inner-city development site spanning three-quarters of a city block with full city block frontage of 260F x 125F. The property is currently leased to a mix of retail, office tenancies, and residential apartments, providing holding income during a development planning process. It offers direct frontage onto 4 Street N.E., a main southbound roadway providing access for Calgary's northern communities to the downtown core, and is in close proximity to abundant amenities including restaurants and cafés along 1st Avenue N.E. in Bridgeland, the Bow River Pathway System, St. Patrick's Island Park, Bridgeland Memorial LRT Station, Blush Lane, and the Calgary Italian Cultural Centre. (id:55577)
Property Features
- MLS® Number A2233524
- Price $12,900,000
- Square Footage: 26000 sqft
- Property Type: Commercial Mix
- Community Name: Crescent Heights
- Features See Remarks, Paved Lane, Lane
- Parking Space Total 20
- Plan 1332n
Buildings
| Age | Age Is Unknown | Size Exterior | 26000 Sqft |
| Size Interior | 26000 Sqft | Total Finished Area | 26000 Sqft |
| Type | Commercial Mix |
Land
| Acreage | No | Size Depth | 38 M |
| Size Frontage | 79.24 M | Size Irregular | 32419.40 |
| Size Total | 32419.4 Sqft|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) | Size Total Text | 32419.4 Sqft|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) |
| Zoning Description | R-cg |
Agents and Offices
- John Oliverio
- Vince Oliverio
- Office: RE/MAX House Of Real Estate