402 8 Street Sw, Calgary, Alberta

$2,290,000

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0.14

Acres

About 402 8 Street Sw

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.

Features of 402 8 Street Sw

MLS® # A2132919
Price $2,290,000
Bathrooms 0.00
Acres 0.14
Year Built 1928
Type Commercial
Sub-Type Retail
Status Active

Community Information

Address 402 8 Street Sw
Subdivision Downtown Commercial Core
City Calgary
County Calgary
Province Alberta
Postal Code T1A 5R7

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed November 7th, 2024
Zoning CR20-C20/R20
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCIR Realty

Listing Map