1111 7 ST SW Active Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2R 1A1
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Beltline
MLS Listing ID A2160908
Originating Board Calgary
Year Built 1911
Annual Tax Amount $27,930
Tax Year 2024
Lot Size 3,509 Sqft
Acres 0.08
Property Description
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 included in the price.
Location
State AB
County Calgary
Area Cal Zone Cc
Zoning CC-X
Others
Restrictions None Known
Ownership Private