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Justin Havre

Real Estate Advisor

  • Office 403.217.0003
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630-642 16 Avenue Northwest, Calgary, Alberta – $2,800,000

  • $2.8M Price
  • 5 DOM
  • $2.8M Price
  • 5 DOM

630-642 16 Avenue Northwest

This Property represents a rare opportunity to acquire a value-add retail strip within the inner-city community of Mount Pleasant along the primary urban corridor of 16 Avenue NW. Currently improved with a 10,048 square foot retail strip, the existing improvements can be readily repositioned as a value-add retail play. There is also long-term development potential. • Buildable Density: Site size of 18,003 SF; Allowable FAR of 4.5 and a buildable square footage of 81,014 SF• Within 650 metres of two major post-secondary institutions: Southern Alberta Institute of Technology (SAIT) and Alberta University of the Arts• Exposure to an average daily vehicle traffic count of 48,000• Future LRT: Within 880 metres of the future Green Line LRT station at Centre Street N and 16 Avenue NW. This property is part of the 16 Avenue North Urban Corridor Area Redevelopment Plan (ARP). The Plan focuses on 16 Avenue from 14 Street NW to 6 Street NE and includes adjacent properties to the north and south generally along 15 and 17 Avenue. The Plan supports immediate and long-term development in the corridor along 16 Avenue.

Essential Information

  • MLS® #A1229878
  • Price$2,800,000
  • Bathrooms0.00
  • Lot SQFT17,987
  • Year Built1950
  • TypeCommercial
  • Sub-TypeRetail
  • StatusActive

Community Information

  • Address630-642 16 Avenue Northwest
  • SubdivisionMount Pleasant
  • CityCalgary
  • ProvinceAlberta
  • Postal CodeT2M 0J7

Additional Information

  • ZoningC-COR1 f4.5h28

Listing Details

  • OfficeRE/MAX REALTY PROFESSIONALS

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Listing information last updated on June 30th, 2022 at 9:45am MDT.

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