Development Site with Holding Income

1420 - 11 Avenue SW
Calgary AB

Development Site with Holding Income View1

Property Type

Land
Property Size
8 130 Sq Ft
Available Space
8 130 Sq Ft
Opportunity Type
Sale
Availability
Immediately
Price
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DescriptionClick Here To View Mapped Property

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The Property is strategically located in the Beltline, an amenity rich district immediately south of the downtown core. More specifically, the Property is situated at the corner of 11th Avenue SW and 14th Street SW.

  • The Property generates approximately $35,000 in gross revenue froma Pattison sign lease and parking revenue;
  • Statutory planning policy for the area approves land use of up to 12 FAR, which, as an assembled site, will allow a potential of approximately 207,552 s.f. that can be developed;
  • The adjacent property (1402 & 1410 – 11 Ave SW) has holding income in-place with additional rental income potential;
  • Situated in the amenity rich neighbourhood of the Beltline, in close proximity to numerous restaurants, shops and the Sunalta LRT station; and
  • The Property provides excellent exposure to 43,000 vehicles per day and is located in a growth corridor.



Features

This location is very pedestrian friendly with a walk score between 90-100. This is further complimented by a double-lane bicycle path that runs the length of 12th Avenue SW; providing quick access to the downtown core in under 10 minutes.

The Property offers immediate access to major thoroughfares such as 14th Street SW and 12th Avenue SW and is 5 minute walk to the Sunalta LRT station.



Contact a Broker
Ken Westhaver_Commercial Real Estate Broker
Ken Westhaver

+1 403 456 2209

View profile

Ryan Murphy_Commercial Real Estate Broker
Ryan Murphy

+1 403 456 5582

View profile

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