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630-642 16 AVE NW Calgary, AB T2M 0J7
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Key Details
Sold Price $1,990,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Mount Pleasant
MLS® Listing ID A2002000
Sold Date 05/09/23
Originating Board Calgary
Year Built 1950
Annual Tax Amount $50,010
Tax Year 2022
Lot Size 0.413 Acres
Acres 0.41
Property Description
Property is current C/S. This Property represents a rare opportunity to acquire a value-add retail strip within the inner-city community of Mount Pleasant along the primary urban corridor of 16 Avenue NW. Currently improved with a 10,048 square foot retail strip, the existing improvements can be readily repositioned as a value-add retail play. There is also long-term development potential. • Buildable Density: Site size of 18,003 SF; Allowable FAR of 4.5 and a buildable square footage of 81,014 SF• Within 650 metres of two major post-secondary institutions: Southern Alberta Institute of Technology (SAIT) and Alberta University of the Arts• Exposure to an average daily vehicle traffic count of 48,000• Future LRT: Within 880 metres of the future Green Line LRT station at Centre Street N and 16 Avenue NW. This property is part of the 16 Avenue North Urban Corridor Area Redevelopment Plan (ARP). The Plan focuses on 16 Avenue from 14 Street NW to 6 Street NE and includes adjacent properties to the north and south generally along 15 and 17 Avenue. The Plan supports immediate and long-term development in the corridor along 16 Avenue. NOTE - this property can be sold with the MIDAS building next door at 620-626 16th Ave NW.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning C-COR1 f4.5h28
Others
Restrictions None Known
Tax ID 76358375
Ownership Private
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