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Home AB Greater Calgary Calgary Downtown Commercial Core
402 8 Street SW
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402 8 Street SW $2,290,000
$2,290,000
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402 8 Street SW
Calgary, Alberta T1A5R7

MLS® Number: A2208696

Listing 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. (30361944)

Property Summary

Property Type
Retail
Building Type
Retail
Community Name
Downtown Commercial Core
Subdivision Name
Downtown Commercial Core
Land Size
6156.96 sqft|4,051 - 7,250 sqft
Built in
1928
Annual Property Taxes
$35,187
Total Parking Spaces
10
Time on REALTOR.ca
24 days

Building

Parking
Total Parking Spaces
10

Measurements

Square Footage
1530 sqft
Total Finished Area
1530 sqft
Exterior Building Size
1530 sqft

Land

Lot Features
Frontage
15.24 m
Land Depth
37.49 m
Other Property Information
Zoning Description
CR20-C20
Data provided by: Pillar 9™
Kamil Lalji