Active

402 8 Street SW

Calgary Alberta, T1A 5R7

$2,290,000


$1,496.73 per sqft

Active

1,530 sqft

Commercial

Built in 1928

A rare opportunity to own a slice of land in the heart of Downtown Calgary and strategically invest directly in the path of development. This 50' x 123' site is ideally situated within the commercial core mere steps from the Bow River Pathway network and right in the middle of the highly anticipated Eau Claire Plaza Development and 8th Street Revitalization projects spearheaded by the City of Calgary. The prominent corner lot comes with two points of access, 10 on-site parking stalls and is currently home to a 1,530 restaurant. An attractive destination for foot traffic, C-Train users, and vehicle access alike, with high visibility for marketing and 6,153 sf of unlimited potential. The CR20-C20/R20 zoning allows for a maximum FAR of 3, however this can be increased up to 20 based on a developer's ability to meet incentives set out by the city. With no maximum building height allowance, envision yourself creating the next memorable high-rise amongst our iconic skyline. You won't find a more perfect holding property than this. Something special awaits only those bold enough to explore new frontiers.

A2132919

MLS ID

November 7, 2024

Listed

December 8, 2024

Updated

Map

402 8 Street SW
Calgary Alberta, T1A 5R7

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.14 Acres

Other Property Details

Days on Market

31


Garage

No


View

No


County

Calgary


Pool

No


Zoning

CR20-C20/R20

Courtesy of CIR Realty, Kamil Lalji

Listing Contact: 403-294-1500 

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Data last updated 8:18 AM UTC, 12/8/2024

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