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Home AB Greater Calgary Calgary Downtown Commercial Core
402 8 Street SW
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402 8 Street SW $2,290,000
$2,290,000
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402 8 Street SW
Calgary, Alberta T1A5R7

MLS® Number: A2132919

Listing Description

A rare opportunity to own a slice of land in the heart of Downtown Calgary and strategically invest directly in the path of development. This 50' x 123' site is ideally situated within the commercial core mere steps from the Bow River Pathway network and right in the middle of the highly anticipated Eau Claire Plaza Development and 8th Street Revitalization projects spearheaded by the City of Calgary. The prominent corner lot comes with two points of access, 10 on-site parking stalls and is currently home to a 1,530 restaurant. An attractive destination for foot traffic, C-Train users, and vehicle access alike, with high visibility for marketing and 6,153 sf of unlimited potential. The CR20-C20/R20 zoning allows for a maximum FAR of 3, however this can be increased up to 20 based on a developer's ability to meet incentives set out by the city. With no maximum building height allowance, envision yourself creating the next memorable high-rise amongst our iconic skyline. You won't find a more perfect holding property than this. Something special awaits only those bold enough to explore new frontiers. (29761313)

Property Summary

Property Type
Retail
Building Type
Retail
Community Name
Downtown Commercial Core
Subdivision Name
Downtown Commercial Core
Land Size
572 m2|4,051 - 7,250 sqft
Built in
1928
Annual Property Taxes
$35,319
Time on REALTOR.ca
10 days

Measurements

Square Footage
1530 sqft
Total Finished Area
1530 sqft
Exterior Building Size
1530 sqft

Land

Lot Features
Frontage
15.24 m
Land Depth
37.49 m
Other Property Information
Zoning Description
CR20-C20/R20
Data provided by: Pillar 9™
Kamil Lalji