Commercial Property with Multifamily Redevelopment Upside
9 Boulevard Rene Levesque Est, Chandler, QC, G0C 1K0, CA
1.821 vierkante meter
Beschrijving
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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Kenmerken
Bruto landoppervlakte
1.096 vierkante meter
Netto gebouwoppervlakte
867 vierkante meter
Aantal gebouwen
2
Media
Investeringskenmerken
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.
Contact adviseurs
Mona Lisa Land Assembly (0 Eigendommen)
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Laatst bijgewerkt
15 mei 2025
