Restaurant for sale in Calgary
$3,650,000
- 9,900Sq Ft
- 1950Built
- 181Days listed
4 photos
About this property
Fully leased stand-alone building in downtown Calgary, offering a 7% return on investment. Net rental income is $255,000. Located in the central part of the city on Centre Street and Fifth Avenue. The property has a 9,100 sq ft footprint on a lot measuring 65 ft front by 140 ft deep, with CR20-C20/R20 zoning. It has high yield potential and neighbour land assembly options. The total frontage can be extended to 115 ft along 5th Avenue. Situated across from the Bow Tower, it is an excellent holding property with current income, potential for appreciation, and development opportunities.
Essential information
- MLS® number
- A2295896
- Status
- Active
- Price
- $3,650,000
- Property type
- Commercial
- Type
- Business
- Transaction
- For Sale
- Restrictions
- None Known
- Building area
- 9,900 sq ft
- Lot size
- 9,100 sq ft
- Year built
- 1950
- Structure
- Low Rise (2-4 stories)
- Listing brokerage
- First Place Realty
- Source
- Pillar 9™ MLS® System
Exterior and construction
- Lot features
- City Lot, Flag Lot
- Frontage
- 19.81M 65`0"
- Zoning
- CR20-C20/R20
Parking
- Total parking
- 14
Commercial
- Business type
- Restaurant
Community
- City
- Calgary
- Province
- AB
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