402 8th St SW 1,974 SF Retail Building Calgary, AB T2P 1Z9 $1,590,055 USD ($805.50 USD/SF)

402 8 Street SW presents a rare mixed-use redevelopment opportunity in Calgary's Downtown West End. Situated on a prominent corner parcel with frontage along 4 Avenue SW and 8 Street SW, the property benefits from exceptional visibility, established vehicular traffic, and immediate access to Calgary's urban core. The site is positioned just steps from the Bow River pathway network and within walking distance of the 8 Street SW LRT Station, providing convenient connectivity throughout the city.
The property is zoned CR20 and has been approved for high-rise development, creating a compelling opportunity for developers, investors, and owner-users seeking long-term value creation in one of Calgary's most established urban districts. The zoning supports high-density mixed-use development, allowing purchasers to capitalize on ongoing demand for residential, office, hospitality, and retail-oriented projects in the downtown market. An existing 1,530-square-foot wood-frame building constructed in 1928 occupies the site and currently provides holding income. The property generates approximately $114,000 annually in rental revenue, offering cash flow while redevelopment plans are evaluated or advanced. Additional site improvements include nine surface parking stalls. Located near Eau Claire, Kensington, Downtown Calgary, and the Bow River corridor, the property is surrounded by a diverse mix of residential, commercial, hospitality, and recreational amenities. Its central location, redevelopment potential, and existing income stream position the asset as a strategic acquisition opportunity within Calgary's evolving downtown landscape.