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