18
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$2,290,000
Est. payment /mo
6,157 Sqft Lot
Active
402 8 ST SW Calgary, AB T1A 5R7
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UPDATED:
12/08/2024 07:15 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Commercial Core
MLS® Listing ID A2132919
Originating Board Calgary
Year Built 1928
Annual Tax Amount $35,319
Tax Year 2023
Lot Size 6,157 Sqft
Acres 0.14
Property Sub-Type Retail
Property Description
A rare opportunity to own a slice of land in the heart of Downtown Calgary and strategically invest directly in the path of development. 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 and 8th Street Revitalization projects spearheaded by the City of Calgary. The prominent corner lot comes with two points of access, 10 on-site parking stalls and is currently home to a 1,530 restaurant. 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. Something special awaits only those bold enough to explore new frontiers.
Location
State AB
County Calgary
Area Cal Zone Cc
Zoning CR20-C20/R20
Interior
Inclusions To be determined during due diligence
Exterior
Lot Frontage 50.0
Others
Restrictions None Known
Tax ID 95144754
Ownership Private
Listed by CIR Realty
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