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118 5th Ave SE
Calgary, AB T2G 0E3
 Retail Property For Sale

Storefront Properties Alberta Calgary 118 5th Ave SE, Calgary, AB T2G 0E3

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INVESTMENT HIGHLIGHTS

  • Prime downtown location across from The Bow with high visibility
  • Zoned CR20-C20/R20 with potential for a 20+ story tower and PLUS 15 access
  • Fully leased retail asset with a 7%+ cap rate and redevelopment potential

EXECUTIVE SUMMARY

Downtown Commercial Core building and PRIME redevelopment land for sale across from The Bow building. Total 9,148 SF (0.21 AC). Located on busy 5th Ave for great access and exposure. Wide range of uses under zoning CR20-C20/R20 including retail, residential, office, hotel, restaurant, financial institution, supermarket, medical clinic. Currently profitable 11,750 sq ft retail.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
11,750 SF
Building Class
C
Year Built
1950
Price
$3,600,000 CAD
Price Per SF
$306.38 CAD
Cap Rate
7.22%
NOI
$260,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.28
Lot Size
0.21 AC
Zoning
CR20-C20/R - Commercial Residential District
Frontage
52’ on 5th Ave SW

AMENITIES

  • Bus Line
 

  • Listing ID: 22432169

  • Date on Market: 2021-03-09

  • Last Updated:

  • Address: 118 5th Ave SE, Calgary, AB T2G 0E3

The North Hill/Downtown/Beltline Retail Property at 118 5th Ave SE, Calgary, AB T2G 0E3 is currently available. Contact Century 21 Bravo Realty for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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