$2,500,000
630-642 16 Ave NW, Calgary-City Center, AB T2M 0J7
0 Beds
0 Baths
10,048 SqFt

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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 620-626 16th Ave NW.
  • Price:
  • $2,500,000
  • Square Footage:
  • 10,048
  • Acreage:
  • 0.41
  • Year Built:
  • 1950
  • Listing ID #:
  • A2002000
  • Street Address:
  • 630-642 16 Ave NW
  • City:
  • Calgary-City Center
  • Province:
  • Alberta
  • Postal Code:
  • T2M 0J7
  • County:
  • Calgary
  • Community:
  • Mount Pleasant
  • Subarea:
  • Cal Zone Cc
  • Subdivision:
  • Mount Pleasant
  • Listing Status:
  • Pending
  • Listing Type:
  • Commercial
  • Dwelling Type:
  • Industrial
  • Total Building Square Footage:
  • 10048
  • Year Built:
  • 1950
  • Conforms To Zoning:
  • C-Cor1 F4.5h28
  • Lot Square Footage:
  • 17986
  • Days On Market:
  • 132
  • Originating Mls:
  • Pillar9
  • District:
  • Cal Zone Cc
  • Subdivision:
  • Mount Pleasant
  • Show Listing And/Or Property Address:
  • 1
  • Listing Provided By RE/MAX REALTY PROFESSIONALS

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