526 16 Avenue NW, Calgary, AB, T2M 0J4

MLS® # A2273010

Commercial For Sale In Mount Pleasant, Calgary, Alberta

$5,299,000

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526 16 Avenue NW, Calgary, AB, T2M 0J4

$5,299,000

Property Information:

Investor & Developer Alert! An exceptional commercial redevelopment opportunity in one of Calgary’s most strategic and high-exposure corridors. This 0.51-acre property features a 10,000+ sq ft commercial building and is ideally positioned along the TransCanada Highway, offering outstanding visibility and convenient access to major destinations including downtown, YYC Airport, Deerfoot Trail, SAIT, and the University of Calgary. Zoned C-COR1, with a generous 4.0 FAR and a permitted 37m building height under the North Hill Community Area Plan, this site presents significant potential for large-scale mixed-use development, including residential units, commercial retail, a vibrant strip mall, professional services, or medical-related uses. The existing building is a strong income producer, generating approximately $240,000 in effective gross income annually with a $100,000 NOI, making it an ideal holding property while planning your redevelopment. The lot offers ample on-site parking, high traffic exposure, and a prime location that supports long-term value. This is a rare chance to secure a high-potential redevelopment site in a central, rapidly evolving Calgary corridor. Don’t miss this exceptional opportunity! (Conceptual drawings are for illustrative purposes only.)

Inclusions: N/A

Property Features:

Built in: 1963
Business Type: Retail
Floor Space (approx): 11000.00 Square Feet
Heating: Forced Air, Natural Gas
Lot Size: 22259.00 Square Feet
Zoning: C-COR1 f4.0h24

Courtesy of: TrustPro Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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