For Sale · Retail

1623 Centre Street NW, Calgary

1623 Centre Street NW, Calgary, AB T2E8S7

$99,900 total

238 SF

Asset Class

Retail

Size

238 SF

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

$420

Occupancy

89%

Year Built

1997

About this property

Freshly renovated and move-in ready, this commercial unit offers an excellent opportunity to establish your business or add a versatile property to your investment portfolio. Located on the second floor of a busy cultural shopping mall known for authentic Asian restaurants, specialty grocery stores, and local businesses, the space benefits from strong customer traffic and a well-established commercial environment.The recent renovations create a clean, modern, and professional setting, allowing you to get started without the added time and expense of major interior improvements. The compact and functional layout is well suited for a variety of retail, office, or service-based uses.The mall attracts a steady flow of visitors throughout the week, with especially strong activity during lunch hours and on weekends. Ample on-site parking and convenient access make it easy for customers, clients, and employees.Whether you are looking to open your own business, relocate to a high-traffic commercial setting, or purchase an income-generating property for rental purposes, this turnkey unit offers flexibility and potential. A practical opportunity to secure a commercial space in a vibrant and established shopping destination. (id:66811)

Financial sandbox

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Estimate
Purchase price$100K
Down payment30% · $30K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$461

Projected NOI

$5K

Annual cash flow

$-315

Cash-on-cash

-1.05%

DSCR

0.94

Going-in cap

5.23%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics400 SF2034-09

Area demographics

Trade area within 3 miles of the property.

Population

138,089

Households

48,376

Median income

$73,000

Median age

37.6

Daytime population

164,535

5-yr growth

7.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1623 Centre Street NW, Calgary.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.