1903-1907 31 St SW 0.25 Acres of Commercial Land Offered at $2,999,000 CAD in Calgary, AB T3E 2M8
INVESTMENT HIGHLIGHTS
- The property comes with an approved Development Permit (DP) and available plans for a medical/retail building.
- There is the noteworthy cost savings to development, which include the recent relocation of utility poles, eliminating any associated demolition costs
- Underground parking on site
EXECUTIVE SUMMARY
A rare opportunity to acquire one of the prime Mixed-Use commercial and residential lots in the area. This MU-2 zoned land boasts an FAR of 5.0, H26 allowing for a maximum development of 53,925 SQF. However, there is excellent flexibility to pursue a retail/residential development if desired.DP2020-1250 Approved:New: Medical Clinic, Retail and Consumer Service, Restaurant: Neighborhood, Accessory Residential Building (garbage enclosure).- 3 Storey (Main floor retail and upper floors medical offices- Main Floor:4 Units retail (5,630 SF)- 2nd Floor:2 Units (6,674 SF)- 3rd Floor:2 Units (6,092 SF)- Underground parking 19 stalls.
PROPERTY FACTS
| Price | $2,999,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.25 AC |
| Zoning | MU-2 - Medium Intensity Mixed Use Corridor |
1 LOT AVAILABLE
Lot
| Price | $2,999,000 CAD |
| Price Per AC | $12,112,816.00 CAD |
| Lot Size | 0.25 AC |
A rare opportunity to acquire one of the prime Mixed-Use commercial and residential lots in the area.
DESCRIPTION
Positioned on a desirable corner lot, the property features 120 feet of frontage and 90 feet of depth, totaling 10,785 SF. With vehicle access available on three sides, the site offers exceptional visibility, facing a major roadway (17th Ave SW), with exposure to over 21,000 vehicles daily.
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (92)
