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$2,290,000
Est. payment /mo
1,530 SqFt
Active
402 8 ST SW Calgary, AB T1A 5R7
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,530 sqft
Price per Sqft $1,496
Subdivision Downtown Commercial Core
MLS Listing ID A2208696
Year Built 1928
Lot Size 6,098 Sqft
Property Sub-Type Retail
Property Description
This is an ideal opportunity for a restaurant owner/user looking to purchase a retail building with land, and the Seller is willing to help finance a purchase with a 10% VTB. Currently home to a 1,530 restaurant, with 10 on-site parking stalls, on a prominent corner with two points of access. The building sits on land in the heart of Downtown Calgary in the path of development. Check out the city's plan to revitalize 8th Street and be part of a future high street. This 50' x 123' site is ideally situated within the commercial core mere steps from the Bow River Pathway network and right in the middle of the highly anticipated Eau Claire Plaza Development. An attractive destination for foot traffic, C-Train users, and vehicle access alike, with high visibility for marketing and 6,153 sf of unlimited potential. The CR20-C20/R20 zoning allows for a maximum FAR of 3, however this can be increased up to 20 based on a developer's ability to meet incentives set out by the city. With no maximum building height allowance, envision yourself creating the next memorable high-rise amongst our iconic skyline. You won't find a more perfect holding property than this.
Location
Province AB
County 0046
Zoning CR20-C20
Interior
Inclusions To be determined during Due Diligence period
Building
Dwelling Type Retail
Listed by CIR Realty