Calgary, AB T2H 0A2,102 58 AVE SW
Calgary, AB T2H 0A2,102 58 AVE SW
Calgary, AB T2H 0A2,102 58 AVE SW
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$4,410,000
Est. payment /mo
1.58 Acres Lot
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UPDATED:

10/24/2024 07:15 PM

Key Details

Property Type Vacant Land

Sub Type Commercial Land

Listing Status Active

Purchase Type For Sale

Subdivision Manchester

MLS® Listing ID A2153210

Originating Board Calgary

Annual Tax Amount $59,161

Tax Year 2023

Lot Size 1.580 Acres

Acres 1.58

Lot Dimensions See Documents

Property Description

Prime multi-residential and mixed use redevelopment site in central Calgary with close proximity to Chinook Mall and Chinook LRT Station! Chinook Mall is western Canada's premier shopping and entertainment destination with over 250 stores. Numerous financial institutions are within a short walk and primary retailers including CIBC, BOM, Home Depot, Marks, Staples and Community Natural Foods. Chinook LRT Station is less than a 10 min walk and being within 600m allows for higher density and reduced parking in a TOD development area. The site is located along 58 Avenue with the area transitioning from low density older industrial buildings into higher density commercial developments evidenced by the new Chinook 58 multi-building retail complex at 2 Street SE. Typical weekday traffic counts are 24,000 vehicles (2019) along 58 Avenue SW and another 18,000 vehicles (2019) along Centre Street South supportive of retail type developments. With the City actively encouraging higher housing density the highest and best use is rezoning for a multi-residential development with retail on the main floor. A nearby commercial property on 59 Ave SW was recently redesignated from C-Cor3 to M-H2 f5.5 h60. An exceptional holding property for approved automotive users with existing leases in place. The property consists of two contiguous parcels 102 58 Ave SW - 0.87 acres and 5724 1 St SW - 0.71 acres. A strong growth area with superior upside potential!

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning C-Cor3; I-G

Interior

Inclusions Existing shop building and temporary structure "as is"

Exterior

Fence Fenced

Building

Lot Description Near Shopping Center, Near Public Transit

Others

Restrictions Surface Right of Way,Utility Right Of Way

Ownership Private


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Listed by LB Hubbard Realty Group

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