LOADING

620-626 16 Avenue Nw Calgary, Alberta T2M 0J7

4499 sqft

$2,675,000

Available for purchase is a single-tenant Midas location, leased on net a carefree basis, for a 5-year term, with optionsto renew. This is an ideal hands-free investment, with long-term redevelopment potential due to the current land-use (zoning) in-place. New, 5-year lease-term commencing November 1, 2022 • Net Operating Income: $143,968 • The tenant is responsible for repairs, improvements, and all day-to-day management • Within 650 metres of two major post-secondary institutions: Southern Alberta Institute of Technology (SAIT) and the Alberta University of the Arts • Exposure to an average daily vehicle traffic count of 48,000• Within 880 metres of the future Green Line Light Rail Transit (LRT) station at Centre Street N and 16 Avenue NW• Strategic location in a rapidly intensifying urban corridor. Midas has been a tenant since 1988. This property can be acquired with the adjacent retail strip: 630-642 16th Ave NW. (id:36938)

Property Details

MLS® Number A2015355
Property Type Retail
Community Name Mount Pleasant
Plan 2934o,

Building

Basement Type Unknown
Constructed Date 1987
Size Exterior 4499 Sqft
Size Interior 4499 Sqft
Total Finished Area 4499 Sqft
Type Retail

Land

Acreage No
Size Irregular 1253.00
Size Total 1253 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Size Total Text 1253 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Zoning Description C-cor1 F4.0h24

https://www.realtor.ca/real-estate/25135509/620-626-16-avenue-nw-calgary-mount-pleasant

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