1231 10 Avenue SW
Property Overview
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Prime future development site! Four year sale-leaseback offering exceptional holding income/yield 1231 10th Avenue SW is a 22,770 square foot future mixed-use redevelopment site located in the west end of Calgary’s popular Beltline District.
The property’s high-profile location offers excellent access to the Downtown Core while enjoying the numerous dining, shopping, recreation, and entertainment offerings of an inner-city location.
The site is zoned for high-density mixed-use development allowing for a maximum density of 8 times site area.
The existing 9,975 square foot retail building is fully leased to Vistek Camera Store.
The Vendor is willing to offer a sale leaseback to include a four year term at a lease rate of $16.00 per square foot.
The area immediately surrounding the Property has seen a number of recent and successful multi-residential developments providing a strong business model for future redevelopment of the Property and the strengthening demand for West Beltline development opportunities.”
Investment Analysis
InvestCalgary Insights • Rental data from RentFaster.ca
Investment Considerations
Investment Analysis Disclaimer: These estimates are for informational purposes only and do not constitute financial advice. Actual rental income, expenses, and returns may vary. Consult with a qualified real estate professional before making investment decisions.