This is an ideal opportunity for a restaurant owner/user looking to purchase a retail building with land, and the Seller is willing to help finance a purchase with a 10% VTB. Currently home to a 1,530 restaurant, with 10 on-site parking stalls, on a prominent corner with two points of access. The building sits on land in the heart of Downtown Calgary in the path of development. Check out the city’s plan to revitalize 8th Street and be part of a future high street. 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. 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.
Property Details
Price:
$2,290,000
MLS #:
A2208696
Status:
Active
Baths:
0
Address:
402 8 Street SW
Type:
Commercial
Subtype:
Retail
Subdivision:
Downtown Commercial Core
City:
Calgary
Listed Date:
Apr 12, 2025
Province:
AB
Postal Code:
157
Lot Size:
6,156 sqft / 0.14 acres (approx)
Year Built:
1928
See this Listing
Rob Johnstone is a trusted Calgary Realtor with over 30 years of real estate experience. He has evaluated thousands of properties and is a recognized expert in Calgary home and condo sales. Rob offers accurate home evaluations either by email or through in-person appointments. Both options are free and come with no obligation. His focus is to provide honest advice and professional insight, helping Calgary homeowners make confident decisions when it’s time to sell their property.
More About RobMortgage Calculator
Schools
Interior
Exterior
Parking Total
10
Financial
Map
Community
- Address402 8 Street SW Calgary AB
- SubdivisionDowntown Commercial Core
- CityCalgary
- CountyCalgary
- Zip CodeT1A 5R7
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402 8 Street SW
Calgary, AB
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