Please Note: Do not go to or tour the property without an appointment. Please refer to the virtual tour. Thank you. The tenant/Owner is relocating and will provide vacant possession or a possible short term leaseback. Commercial/Retail Building.
Cap Rate expectation 5.65%
One block west of the proposed Brewery Rail Lands Development, with
±2,050 Residents and ±800 Jobs slated to be added to the neighborhood, you will find this exclusive Inglewood commercial property.
The 8,137 sq ft (66’ x 123’) site offers a total of 8,524 sq ft of developed space with soaring 15 ft ceilings in the 3,910 sq.ft. upper level space and spacious 9 ft ceilings in the lower 3,944 sq.ft. space. The property is currently occupied by an established, quality, high end, Italian furniture and design studio that will be relocating to a new location. This offers buyers an incredible opportunity for a huge variety of uses from restaurant and music venue to retail outlets of all kinds.
Since its construction in 1950 as a social hall, this property has been an integral component of the retail and commercial activity which made 9th Avenue S.E. East Calgary's high street, and one of Calgary's historic principle commercial thoroughfares.
Originally designed as a place of 'fundraising and fellowship', St. George's Odd Fellows Lodge Hall possesses value as a social hall which served two East Calgary local orders for over four decades. The current owner has maintained the original character with its smooth stucco exterior and minimal decoration. The building is a good local example of the Art Moderne style.
Stucco detailing such as the vertical buttresses and the corner piers which project above the roofline reflect the building's original purpose.
The architectural character makes it an important contributor to 9th Avenue's historical and highly intact streetscape. The building contributes to the historical status of 9th Avenue, Calgary's first main street.
Although dating from 1950, the building serves to recall the historical significance of 9th Avenue. And offers a new owner a wide variety of uses. The solid concrete block construction suggests a huge rooftop patio or perhaps an additional floor could be easily added to the structure
