court ordered sale parking lot with holding income 5 ave... · the property offers immediate access...
TRANSCRIPT
For SaleParking Lot with Holding Income919 - 5th Avenue SW, Calgary, Alberta
Court Ordered Sale
Disclaimer: Any image or other information contained herein is the property of The City of Calgary or the respective owners of said image or information. All rights are reserved. Noimages or information contained herein may be reproduced in any form or by any means without the prior written consent of The City of Calgary. While The City of Calgary makesreasonable efforts to ensure the accuracy and reliability of the images and information contained herein, The City of Calgary disclaims all warranties, conditions, or guarantees,expressed or implied, including without limitation warranties and conditions of merchantability and fitness for any particular purpose or non-infringement. The City of Calgary is notresponsible for any liability for any direct, indirect, incidental, consequential or other damages resulting from the use, reliance, misuse, or misrepresentation of the images orinformation contained herein.
Up
Page 3 / 3
Jones Lang LaSalle Real Estate Services, Inc. (JLL) is pleased to present an excellent opportunity to acquire a parking lot with holding income that has a high density, mixed-use zoning (the “Property”).
The Property is well located in the west-end of downtown Calgary. More specifically, the Property is located mid-block on the south side of 5th Avenue SW, between 8th and 9th Street SW.
THE OPPORTUNITY
Property Details
SITE AREA 0.22 acres or 9,764 SF
CONFIGURATION Regular
ACCESS From the rear lane on the south side
FRONTAGE 80’
DEPTH 120’
TOTAL ASSESSMENT (2020) $3,070,000
TOTAL LEVY $64,467
ZONING CR20-C20/R20: Commercial Residential District
LIST PRICE $2,950,000
Site Plan
This location is very pedestrian friendly with a walk score of 95. This is further complimented by being one block from the Bow River pathway system.
The Property offers immediate access to major thoroughfares such as 8th Street SW and 5th Avenue SW and is a four-minute walk to the 8th Street SW LRT platform.
The Property is currently the subject of a Court Order. A list price of $2,950,000 has been set. The Property is being offered for sale by way of a conventional marketing process with offers being considered on a first come, first serve basis. Court approval of a proposed transaction is required.
LOCATION OVERVIEW
OFFERING PROCESS
Contact Information
DISCLAIMER
© 2020 Jones Lang LaSalle IP, Inc. All rights reserved. Information set out herein (the “Information”) has not been verified by Jones Lang LaSalle Real Estate Services, Inc., Brokerage and any and all of its real estate agents/staff, and to all other divisions of the company (collectively “JLL”). JLL does not represent, warrant or guarantee the accuracy, correctness and complete ness of the Information. Given the limitations of the investigations, inquiries and verification that JLL have undertaken, the reliability of this Information must be treated with a suitable degree of caution and neither JLL or any of their affiliates accept any liability or responsibility for the accuracy or completeness of the information contained herein and no reliance should be placed on the information contained in this document. JLL does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from JLL.shown to any third party without the prior written authorization of JLL. All information contained herein is from sources deemed reliable; however, no representation or warranty ismade as to the accuracy thereof.
Ryan Murphy JLL Capital Markets, Calgary
Senior Associate (403) 456-5582
Ken Westhaver JLL Capital Markets, Calgary
Senior Vice President (403) 456-2209