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1111 7 Street SW

Retail For Sale in Beltline, Calgary CC

$1,764,000
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.
Address 1111 7 Street SW
List Price $1,764,000
Property Type Commercial
Type of Dwelling Retail
Area Calgary CC
Sub-Area Beltline
Lot Size 3509 Sq. Ft.
Year Built 1911
MLS® Number A2160908
Listing Brokerage Top Producer Realty and Property Management
Postal Code T2R 1A1
Zoning CC-X

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Brittany Riley

Remax First

8820 Blackfoot Trl SE #115 Calgary Alberta T2J 3J1

Mobile: 403-771-0891

Brittany.riley.realtor@gmail.com