$6,990,000.00 15,678 Sq.ft

1912, 1916 , 1924 37 Street SW, Calgary. T3E 3A3

Description

Amazing Investment Opportunity in Killarney! Owned by the same family for 40+ years, opportunities like this are rare! Located on the corner of 17th Ave & 37 St SW, this massive land assembly is the perfect location for re-development. This parcel of land includes 4 titled properties: 3717 17 Ave SW & 1912, 1976 & 1924 37 St SW. At 290' x 120' the total available lot size is 34,800 ft. An income generator, all units are fully leased, many are long time tenants with approx $36,000 GMI. The property is comprised of 2 strip malls (MU-2 F5.0h26) and a 2 unit residential property (MU-2 F3.0h16) and currently allows for a potential of 162,000 sq ft of new development. The #2 Bus stops directly in front with excellent foot traffic and passenger vehicle exposure. Minutes to Westbrook Mall, Killarney Aquatic Centre and easy access to downtown make this a great location for a mixed use residential development.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2096683
City:Calgary
Neighbourhood:Killarney/Glengarry
Province:Alberta
Building/Unit Size: 15,678 sq.ft
Land Size:0.21 Acre
Listing Price:$6,990,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Retail
Transaction Type:For Sale
Land Use Code:MU-2 f5.0h26
Listing Contract Date:2024-03-01

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "ROYAL LEPAGE BENCHMARK" listing brokerage.

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