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$ 2,795,000
Est. payment | /mo
7,854 SqFt
$ 2,795,000
Est. payment | /mo
7,854 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,854 sqft
Price per Sqft $355
Subdivision Inglewood
MLS Listing ID A2251839
Year Built 1950
Lot Size 8,276 Sqft
Property Sub-Type Retail
Property Description
Prime Inglewood Commercial Property Rare Retail Opportunity – BUSINESS RELOCATING AND ALSO AVAILABLE FOR LEASE This exceptional commercial/retail property presents an unparalleled opportunity in the heart of Inglewood. With the tenant planning to relocate, the property offers vacant possession or the possibility of a short-term leaseback. Strategically located just one block west of the proposed Brewery Rail Lands Development—anticipated to add ±1,500 residents and ±800 jobs to the neighborhood—this property is ideally positioned for significant growth and vibrancy. Property Highlights: • Lot Size: 8,137 sq. ft. (66' x 123') • Developed Space: 8,524 sq. ft. o Upper Level: 3,910 sq. ft. with soaring 15 ft ceilings o Lower Level: 3,944 sq. ft. with spacious 9 ft ceilings • Cap Rate Expectation: 6.0% Cap Currently home to an established, quality Italian furniture and design studio, this property offers incredible potential for a wide range of uses, including a studio, restaurant, music venue, or diverse retail concepts. Historical and Architectural Significance: Originally constructed in 1950 as St. George's Odd Fellows Lodge Hall, the building holds a rich history as a social hub and contributor to East Calgary's commercial vitality. Its Art Moderne style, featuring smooth stucco exteriors, vertical buttresses, and projecting corner piers, makes it a distinctive and valuable addition to the historical streetscape of 9th Avenue—Calgary's first main street. This well-preserved building continues to reflect its original character while offering modern adaptability. The solid concrete block construction presents the exciting potential for expansion, such as a rooftop patio or an additional floor. Don't miss this exclusive opportunity to own a property that blends historical charm, architectural significance, and immense future potential in one of Calgary's most sought-after neighborhoods. Contact your realtor today to explore this unique offering!
Location
Province AB
County 0046
Zoning DC (pre 1P2007)
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Inclusions Appliances and equipment located at the property and owned by the seller
Exterior
Roof Type Flat Torch Membrane,Flat
Building
Lot Description Back Lane, Interior Lot, Level, Low Maintenance Landscape, Near Public Transit, Paved
Dwelling Type Retail
Foundation Poured Concrete
Listed by D.C. & Associates Realty
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