1231 10th Ave SW 9,975 SF Retail Building Calgary, AB T3C 0J3 $4,048,881 USD ($405.90 USD/SF)
INVESTMENT HIGHLIGHTS
- Prime Inner-city Location
- West Beltline location with quick access to the downtown core
- Surface Parking
- Calgary’s most densely populated neighbourhood with a high concentration of dining, shopping, entertainment and amenities
EXECUTIVE SUMMARY
The Property is currently improved with a 9,975 SF retail building and a 30 stall surface parking lot. The building is 100% occupied by Vistek Camera Store, a company that is affiliated with the owner of the property, and a national operator with five retail locations across Canada. The offering may include a 4 years lease back to the owner/operator (Vistek) providing purchasers with strong holding income while redevelopment plans are contemplated.
1231 10th Avenue SW represents an opportunity for investors to secure a well positioned inner-city mixed-use development site with attractive near term holding income within one of Canada’s strongest performing real estate markets.
1231 10th Avenue SW represents an opportunity for investors to secure a well positioned inner-city mixed-use development site with attractive near term holding income within one of Canada’s strongest performing real estate markets.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,975 SF
Building Class
C
Year Built
1900
Price
$4,048,881 USD
Price Per SF
$405.90 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.52 AC
Zoning
CC-X
Parking
20 Spaces (2.01 Spaces per 1,000 SF Leased)
Frontage
160’ on 10th Ave SW
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (76)
Bike Score®
Biker's Paradise (98)
NEARBY MAJOR RETAILERS
