Calgary, AB T1A 5R7,402 8 ST SW
Calgary, AB T1A 5R7,402 8 ST SW
Calgary, AB T1A 5R7,402 8 ST SW
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$2,290,000
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6,157 Sqft Lot
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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 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

Province 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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agent

Blake King

Broker | cakingblacakingbla

+1(403) 350-7672

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402 8 ST SW