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$ 2,290,000
Est. payment /mo
New
402 8 ST SW Calgary, AB T1A 5R7
6,156 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Commercial Core
MLS® Listing ID A2208696
Originating Board Calgary
Year Built 1928
Annual Tax Amount $35,187
Tax Year 2024
Lot Size 6,156 Sqft
Acres 0.14
Property Sub-Type Retail
Property Description
This is an ideal opportunity for a restaurant owner/user looking to purchase a retail building with land, and the Seller is willing to help finance a purchase with a 10% VTB. Currently home to a 1,530 restaurant, with 10 on-site parking stalls, on a prominent corner with two points of access. The building sits on land in the heart of Downtown Calgary in the path of development. Check out the city's plan to revitalize 8th Street and be part of a future high street. This 50' x 123' site is ideally situated within the commercial core mere steps from the Bow River Pathway network and right in the middle of the highly anticipated Eau Claire Plaza Development. An attractive destination for foot traffic, C-Train users, and vehicle access alike, with high visibility for marketing and 6,153 sf of unlimited potential. The CR20-C20/R20 zoning allows for a maximum FAR of 3, however this can be increased up to 20 based on a developer's ability to meet incentives set out by the city. With no maximum building height allowance, envision yourself creating the next memorable high-rise amongst our iconic skyline. You won't find a more perfect holding property than this.
Location
State AB
County Calgary
Area Cal Zone Cc
Zoning CR20-C20
Interior
Inclusions To be determined during Due Diligence period
Exterior
Lot Frontage 50.0
Total Parking Spaces 10
Others
Restrictions None Known
Tax ID 95144754
Ownership Private
Listed by CIR Realty