Mona Lisa Land Assembly_Propiedad en venta

1516 7 Street Southwest, Calgary, AB, T2R 1A7, CA

Mona Lisa Land Assembly

Descripción del activo

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) has been exclusively retained to offer for sale a 100% freehold interest in 1516 & 1518 – 7 Street SW, Calgary, AB (the “Property”) and/or (the “Mona Lisa Land Assembly”).

The Property represents a rare opportunity to acquire a 11,800 square foot (“SF”) land assembly improved with a retail strip and a two-storey retail building within the heart of the Beltline. The location is exceptional, as the Property benefits from frontage to Tompkins Park, and is situated immediately north of 17th Avenue SW, in a highly desirable urban node. The existing improvements can be readily repositioned as a value-add retail play and there is also significant redevelopment potential. The Property is being offered for sale with an asking price of $4,495,000.

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Atributos

Área de terreno bruta

1096 m²

Área de construcción neta

867 m²

Edificios

Medios

Aspectos destacados de la inversión

Amenities: The surrounding area is very pedestrian friendly and boasts a wide array of amenities, including cafes, restaurants, bars, fitness centre, grocery store, and boutique retail shops.

Rapidly Densifying Node: There are several new high density mixed-use and multi-family projects under construction. The node is rapidly densifying, which will further enhance the population and vibrancy of this coveted urban location.

Redevelopment Potential: Fully assembled site with prime frontage totaling 118’ and a current approved land-use of 3.0 FAR.

Value-Add Retail: Current rents are below market, and the two-storey building is being sold vacant, creating a unique value-add retail opportunity.