Vivian Lee

(403) 499-8986

Top Producer Realty and Property Management

403-499-8986

1111 7 Street SW
Calgary , Alberta T2R 1A1

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1111 7 Street SW For Sale

$1,680,000

Calgary, Alberta

Transaction Type

For Sale

Days On Market

Zoning

CC-X

Year Built

1911

Property Type

Commercial

Building Area (Sq. Ft.)

28438.25

Lot Size (Sq. Ft.)

3509

Listing ID: 26672

MLS ID: A2160908

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 not included in the price.

Transaction Type
For Sale

Days On Market
1

Zoning
CC-X

Subdivision
Beltline

Building Type
Commercial Mix,Free-Standing

Year Built
1911

Structure Type
Mixed Use

Property Type
Commercial

Property Sub Type
Retail

Legal Plan
A1

Building Area (Sq. Ft.)
28438.25

Building Area (Sq. M.)
2641.98