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630 642 16 Avenue NW, Calgary, Alberta, T2M 0J7

Mount Pleasant, Calgary
  • $2,700,000
  • $2,700,000
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  • Principal & Interest
  • Commercial, Retail
  • A2002000
  • MLS Number
  • 1950
  • Year Built
Property Description
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 630-642 16th Ave NW.
Property Details
  • Property Type Commercial, Retail
  • MLS Number A2002000
  • Year Built 1950
  • Property Status Active
More Details
  • Property Type Commercial, Retail
  • MLS Number A2002000
  • PropertySubType Retail
  • Subdivision Mount Pleasant
  • Zone C-COR1 f4.5h28
  • Days On Market 0
  • LotSize SquareFeet 17986
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