342 4 Avenue SE
Calgary, AB, T2G1C9
$1,950,000
Beds
0 Baths
SqFt
0 Acres
Welcome to a prime investment opportunity in the heart of downtown Calgary&#39's vibrant East Village! We are pleased to present four titled retail condo bays (Units 394-397), perfectly situated at 342 4 Ave SE on the ground floor of a 150-unit condo building! Nestled in the dynamic East Village, these retail condo bays enjoy a strategic position within one of Calgary&#39's most exciting and rapidly evolving urban landscapes. Currently used as an office and offered up below market value, these bays present huge potential uplift to the investor buyer. Converted back to original use and leased to retail tenants, these units will allow the buyer to take advantage of future cash flow, on top of returning assessed value. The condo bays boast modern infrastructure, ensuring a seamless integration of business operations. High ceilings, large windows, and an open layout create an inviting and adaptable environment for various retail concepts. Not to mention they are street facing to an intersection that sees over 35,000 vehicles per day. Across 4th AVE to the south, is a future multi tower development, that will replace the old YMCA. That project, combined with the existing infrastructure, gives future retail tenants access to thousands of potential daily customers. This is a rare opportunity to secure prime retail space in an area poised for tremendous growth and development. Builders and developers usually keep these spaces for themselves for a good reason. BONUS: This package includes 13 parking stalls (9 Titled underground). Whether you&#39're an investor looking to capitalize on the thriving Calgary real estate market or a business owner seeking a strategic location for your enterprise, this package offers the perfect combination of location, versatility, and future potential. Don&#39't miss out on being part of the East Village&#39's exciting evolution—schedule your viewing today!

Property Details

Price:
$1,950,000
MLS #:
A2097851
Status:
Active
Baths:
0
Address:
342 4 Avenue SE
Type:
Condo
City:
Calgary
Listed Date:
Jan 10, 2024
Province:
AB
Postal Code:
219
Subdivision:
Downtown East Village
Lot Size:
Year Built:
2010
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342 4 Avenue SE
Calgary, AB