Ref 667187

Value-Add Retail Strip

630 - 642 - 16 Avenue NW

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Space available18,003 ft²


Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) has been exclusively retained to offer for sale a 100% freehold interest in 630 – 642 – 16 Avenue NW, Calgary, AB (the “Property”).  The Property represents a rare opportunity to acquire a value-add retail strip within the inner-city community of Mount Pleasant along the primary urban corridor of 16 Avenue NW.

Currently improved with a 10,048 square foot retail strip, the existing improvements can be readily repositioned as a value-add retail play. There is also long-term development potential.

  • Unique opportunity to add value and benefit from upside through repositioning of the asset
  • Strategic location in a rapidly intensifying urban corridor
  • Buildable Density: Site size of 18,003 SF; Allowable FAR of 4.5 and a buildable square footage of 81,014 SF
  • Within 650 metres of two major post-secondary institutions: Southern Alberta Institute of Technology (SAIT) and Alberta University of the Arts
  • Exposure to an average daily vehicle traffic count of 48,
  • Future LRT: Within 880 metres of the future Green Line LRT station at Centre Street N and 16 Avenue NW
Site Size 18,003 SF
Total Building Area 10,048 SF
Number of Units 5
Net Operating Income ~$80,000 (Current tenants are month-to-month and rents are well-below market.)
Year Built 1946 & 1950
Land Use C-COR-1 F4.5
Official Plan 16th Avenue North Urban Corridor Area Redevelopment Plan (ARP)
Reduced Asking Price $2,950,000 $2,500,000

Location and Transportation