24
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$1,764,000
Est. payment /mo
3,509 Sqft Lot
Active
1111 7 ST SW Calgary, AB T2R 1A1
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UPDATED:
11/07/2024 07:55 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Beltline
MLS® Listing ID A2160908
Originating Board Calgary
Year Built 1911
Annual Tax Amount $27,930
Tax Year 2024
Lot Size 3,509 Sqft
Acres 0.08
Property Description
Attention investors and business owners: A fantastic opportunity awaits in the thriving Beltline area at 11th Ave and 7th St SW. The existing lease is valid until January 31, 2027, with a monthly rent of $6,000 and shall be extended for a further five (5) years and expire on January 31, 2032, with the rent of $7,000 monthly plus four dedicated parking stalls. The business run by the existing tenant has obtained a high-rated review.
The property underwent significant interior renovations in 2018, totaling $120,000, followed by a redesign in 2020. An electrical upgrade and a new hot water tank, costing $50,000, were also added in 2019. This makes it an ideal investment for your real estate portfolio, featuring a history of reliable tenants, including a top-rated restaurant that has always met its rent obligations. Please avoid contacting the tenant or their staff directly. Note: GST is included in the price.
The property underwent significant interior renovations in 2018, totaling $120,000, followed by a redesign in 2020. An electrical upgrade and a new hot water tank, costing $50,000, were also added in 2019. This makes it an ideal investment for your real estate portfolio, featuring a history of reliable tenants, including a top-rated restaurant that has always met its rent obligations. Please avoid contacting the tenant or their staff directly. Note: GST is included in the price.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning CC-X
Others
Restrictions None Known
Ownership Private
Listed by Top Producer Realty and Property Management
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