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4402 17 Avenue SE
Forest Lawn Calgary T2A 0T6

$3,880,000
Commercial baths: 0.0 10,953 sq. ft. built: 1964

Main Photo: 4402 17 Avenue SE in Calgary: Forest Lawn Retail for sale : MLS® # C4117965
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Prop. Type:
Commercial
MLS® Num:
C4117965
Status:
Active
Bus Minor:
FB - Restaurant
THIS HIGH DEMAND PRIME COMMERCIAL PROPERTY CONSIST 4-ADDRESSES; (1.) 4404-17 AVE.SE. THE DRAGON GATE RESTAURANT,INCLUDES ALL EQUIPEMENTS FOOD IS OPTIONAL,BUYER MUST USE ANOTHER NAME.THE RESTAURANT IS GOING STRONG WITH DAILY BUFFET LUNCH & SUPPER.THE UPPER LEVEL CONTAINS 8-ONE BEDRM SUITES,. (2.) 4402-17 AVE. SE.THE SPOT PUB & GRILL AT HE CORNER OF 43 ST. A BUSY BAR N GOOD TENANT. (3.) 1726-43 STREET, VACANT LOT . AND (4.)1727-44 STREET SE. VACANT LOT,BOTH PARKS UP TO 28 CARS. THIS DC LAND . THIS 2-STORY RETAIL-RESIDENTIAL BUILDING CONTAINS NET RENTABLE OF 10952 SQ FT. ABOVE GRADE. THE BASEMENT IS 5000 +,OR- SQ FT.THE GROUND RENTABLE AREA 6543 SQ FT, N 4409 ON SECOND FLR. THE FRONT ENTRANCE/A LOBBY & WASHROOMS, A SPOT BAR TO THE LEFT,LEASED $8,000./MONTH,PLUS $3,000.+OR-FROM THE VLT MACHINES,AND A ORIENTAL RESTAURANT,LEASED FOR $10,000./MOMTH, EACH HAS ITS SEPERATE KITCHEN. DIRECTLY ABOVE ARE 8-RESIDENTIAL UNITS,AVERAGE RENT $800./SUITE?MONTH With a total incomeof$27,400.00/month. BUILDING ON CONCRETE FUNDATION, CONCRETE SLAB FLR, CONCRETE BLK EXTERIOR WALLS,/ FLAT ROOF N TAR & GRAVEL COVER. ROOF TOP HVAC UNITS. INTERIOR DRYWALL PATITION N WOOD./STUCCO COVERED CEILING. DC 172Z81 & C2 GUIDELINES,DO CONSIDER ZONING REDESIGNATION & RELAXATION POTENTIAL.
Property Type:
Commercial
Property Sub Type:
Retail
Condo Type:
Not a Condo
Minor Bus Type:
FB - Restaurant
Total Floor Area:
10,953 sq. ft.
Price Per SqFt:
354.24
Lease Term Remaining:
60
Taxes:
$36,608.21 / 2017
Lot Area:
10,053.49 sq. ft.
Year built:
1964 (Age: 53)
Bathrooms:
0.0 (Full:0, Half:0)
Plan:
748HV
Construction:
Concrete Block
Garage:
0
Parking Total/Covered:
40 / -
Parking Places:
40.0
Title to Land:
Fee Simple
Possession Date:
Aug 31, 2017
Restrictions:
See Remarks
Forest Lawn
Forest Lawn
Back Lane, High Traffic Area, Landscaped, Public Transportation, Pylon/Sign, Street Lighting, Visual Exposure
LAND, BUILDING, RESTAURANT AND PARKING LOTS.
Kitchen, Storefront
Private
Possession:
90
Possession Days:
90
Nearest Town:
Calgary
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Calvin Louie of REAL ESTATE PROFESSIONALS INC.
Listing information last updated on 6-Sep-2017 2:05 PM
KEVIN BALDWIN
Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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