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2116 14 St NW

6,675 SF 100% Leased Retail Building Calgary, AB T2M 3N5 $1,490,000 CAD ($223 CAD/SF) 5.37% Cap Rate

Investment Highlights

  • Heavy traffic in front of buidling
  • Newly updated electrical panels
  • Facing a community park across street

Executive Summary

Located on the corridor of 14th Street with adjacent Highway #1 (16th Ave) is this great piece of commercial property. Zoning is Commercial-Corridor 2 with potential opportunities for office, retail, and even residential uses. Prime retail building in the community of Capitol Hill with long-term tenants serving the community and surroundings. The current stable tenants are the liquor store, music school, coffee machine shop, and hair salon. It is a good holding or investment property. You could apply to rezoning to build up a higher building just like the building next to it on the south side. The building has a 5,000+ sq ft lot and 8 parking stalls. The building is over 4,600 sq ft on both levels with another 2,300 sq ft basement for extra use. The city assessment is $1.73M for 2023. The most electrical panels were replaced in 2022. The east side property ( Lot size: 42'X120') can be sold together with an additional price. Overseas buyers are eligible to purchase! Please don’t approach the tenants. Please call or email the listing broker for details.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,675 SF
Year Built
1959
Price
$1,490,000 CAD
Price Per SF
$223 CAD
Cap Rate
5.37%
NOI
$80,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
1.28
Lot Size
0.12 AC
Zoning
Commercial-Corridor 2 - Commercial-Corridor 2 District
Parking
8 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
92 ft on 14th St

Amenities

  • Bus Line
  • Signage
Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Kidstrong
Thai Express
Tim Hortons
New York Fries
Scotiabank
Tiki-Ming
Taco Time (canada)
Safeway Canada
Ricky's All Day Grill
TD Canada Trust
  • Listing ID: 27860248

  • Date on Market: 2023-03-01

  • Last Updated:

  • Address: 2116 14 St NW, Calgary, AB T2M 3N5

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