Click brochure link for more details. Prime future development site! Four year sale-leaseback offering exceptional holding income/yield 1231 10th Avenue SW is a 22,770 square foot future mixed-use redevelopment site located in the west end of Calgary’s popular Beltline District. The property’s high-profile location offers excellent access to the Downtown Core while enjoying the numerous dining, shopping, recreation, and entertainment offerings of an inner-city location.
The site is zoned for high-density mixed-use development allowing for a maximum density of 8 times site area. The existing 9,975 square foot retail building is fully leased to Vistek Camera Store. The Vendor is willing to offer a sale leaseback to include a four year term at a lease rate of $16.00 per square foot.
The area immediately surrounding the Property has seen a number of recent and successful multi-residential developments providing a strong business model for future redevelopment of the Property and the strengthening demand for West Beltline development opportunities.”
Address
1231 10 Avenue SW
List Price
$5,500,000
Property Type
Commercial
Type of Dwelling
Mixed Use
Area
Calgary CC
Sub-Area
Beltline
Lot Size
22765 Sq. Ft.
Year Built
1900
MLS® Number
A2205113
Listing Brokerage
Honestdoor Inc.
Postal Code
T3C 0J3
Zoning
CC-X
