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1111 7 Street SW
Beltline Calgary T2R 1A1

$1,750,000
Commercial

Main Photo: 1111 7 Street SW in Calgary: Beltline Business for sale : MLS®# A1108971
Photo 1: 1111 7 Street SW in Calgary: Beltline Business for sale : MLS®# A1108971
Photo 2: 1111 7 Street SW in Calgary: Beltline Business for sale : MLS®# A1108971
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Photo 4: 1111 7 Street SW in Calgary: Beltline Business for sale : MLS®# A1108971
Photo 5: 1111 7 Street SW in Calgary: Beltline Business for sale : MLS®# A1108971
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Photo 12: 1111 7 Street SW in Calgary: Beltline Business for sale : MLS®# A1108971
Photo 13: 1111 7 Street SW in Calgary: Beltline Business for sale : MLS®# A1108971
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Photo 16: 1111 7 Street SW in Calgary: Beltline Business for sale : MLS®# A1108971
Status:
Active
Prop. Type:
Commercial
MLS® Num:
A1108971
Attention investors!! Great opportunity to own land + building in the bustling Beltline area on 11th Ave and 7th St SW, and inherit great long-term tenant who DURING COVID still paid their rent on time. The current lease expires on Jan 31, 2027 with 5-year option to renew and the rent is $6,000/month triple net. Comes with 6 parking stalls. The main floor is 956 sqft; second floor is 714 sqft; basement is 803 sqft and the sun room is 169 sqft, for a total of 2,642 sqft usable space. There were over $240k of upgrade, renovation and reinvestment into the building between 2014 and 2020. new roof in 2014- $20k, brand new sunroom in 2014- $50k, repaved north side parking in 2014, Major renovations on the interiors in 2018- $120k and interior re-design, electrical upgrade, new hot water tank in 2019- $50k. A truly great piece of real estate to add to your portfolio with stable and worry-free tenants. The current tenant is the highly rated and well received vegan restaurant who opened business just before the pandemic hit and against all odds, their business thrived during the pandemic, never missed any rent and managed to expand to a second location during this tumultuous time. Potential to expand and build a high-rise building if combined with other parcel. *Please do not approach tenant or staff and redirect all your questions about this building to the listing agent. Thank you very much for your cooperation.
Property Type:
Commercial
Property Sub Type:
Business
Transaction Type:
For Sale
Lease Payment Frequency:
Monthly
Lease Term:
Renewal Option
Possession:
30 Days / Neg
Total Building Area:
2,642 sq. ft.
Taxes:
Tax Assessed Value:
Lot Area:
3,509 sq. ft.
Year built:
1911 (Age: 110)
Bedrooms Below Grade:
0
Bathrooms:
0.0 (Full:-, Half:-)
Plan:
A1
Structure Type:
Mixed Use
Ensuite:
No
Garage:
0
Parking Places:
6.0
Parking Total/Covered:
6 / -
Beltline
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-X
Listed Date:
May 17, 2021
Days on Mkt:
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Listed by CIR REALTY
Data was last updated June 18, 2021 at 04:05 PM (UTC)

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