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$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
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
| Tenant | Area | Expiry |
|---|---|---|
| Northbridge Logistics | 400 SF | 2034-09 |
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.
Confidential diligence documents for 1623 Centre Street NW, Calgary.
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.