1507 20 Av NW 4,681 SF 100% Leased Retail Building Calgary, AB $3,546,048 USD ($757.54 USD/SF)

This lot is approximately 141 x 130 SF and includes a large commercial building with an adjacent Bungalow to the rear (West). The parcel is located on a prominent inner city corner and is 16,805 sq.ft total, facing a sprawling greenspace to the North. The commercial component is fully rented and the house is expected to be rented out imminently. Commercial building comes with 9 parking stalls, additional parking at the back, and loading bays. Environmental Phase I and Phase II along with Compliant RPR are available. Re-development of the entire site could entail mixed-use apartment buildings varying from 4-15 storeys. The community of Capitol Hill is known for favouring density and development, and is already home to abundant destination-oriented retail that attracts residents both within the community and across the site. The site is situated on 14th Street with access to other major thoroughfares, including 16 Avenue NW, making it easily accessible and offering great signage potential. Proximity to greenspace, transit and overall walkability are key attributes that make this a valuable parcel both in its current form for generating rental income, and as a future re-development play.