1111 7 ST Southwest Active

Calgary,AB T2R 1A1

$ 1764000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Beltline

MLS Listing ID A2160908

Year Built 1911

Lot Size 3,509 Sqft

Acres 0.08

Property Description

Attention investors and business owners: A fantastic opportunity awaits in the thriving Beltline area at 11th Ave and 7th St SW. The existing lease is valid until January 31, 2027, with a monthly rent of $6,000 and shall be extended for a further five (5) years and expire on January 31, 2032, with the rent of $7,000 monthly plus four dedicated parking stalls. The business run by the existing tenant has obtained a high-rated review.

The property underwent significant interior renovations in 2018, totaling $120,000, followed by a redesign in 2020. An electrical upgrade and a new hot water tank, costing $50,000, were also added in 2019. This makes it an ideal investment for your real estate portfolio, featuring a history of reliable tenants, including a top-rated restaurant that has always met its rent obligations. Please avoid contacting the tenant or their staff directly. Note: GST is included in the price.

Location

Province AB

County Calgary

Area Cal Zone Cc

Zoning CC-X

Building

Dwelling Type Mixed Use

Others

Restrictions None Known

Tax ID 91663229

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