AB > Calgary > Downtown Commercial Core
Calgary, AB T2P 1J9,123 Any ST SW
Calgary, AB T2P 1J9,123 Any ST SW
Calgary, AB T2P 1J9,123 Any ST SW
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Ken Rigel

Ken Rigel

+1(403) 207-1748
$788,000
Est. payment /mo
17,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 17,000 sqft

Price per Sqft $46

Subdivision Downtown Commercial Core

MLS Listing ID A2245755

HOA Y/N No

Year Built 1980

Property Sub-Type Retail

Property Description

Large Banquet Facility in Calgary. Accommodates 700 people with full kitchen and catering. Suitable for multi-days wedding parties, birthday parties, political conventions, community association events, award ceremonies, Corporate Events, Church Function, Theme Parties, Benefits/Fundraisers, Private Parties, etc...this is a profitable business. The restaurant has a capacity of 700 seating at one time, so for the larger events, this is like a monopoly. With the year ahead bookings, investor will recover the purchase price in 2 years time. 17,000sf, low lease rate of $16/sf. Suitable for operators with banquet experience . To set up such a 17,000 sf space will cost $1.2M to $1.5M, but now you can get this built out for half the price. The condition is good, no renovation required in the next few years.

Location

Province AB

County 0046

Interior

Inclusions Furniture and utensil that can host a 700 person dinner banquet at one time, kitchen equipment and facilities to separate the space with dividers to host multiple functions/parties at the same time. Audio, Video equipment. Office equipment, video monitor system, Bar equipment, kitchen equipment.

Fireplace No

Exterior

Garage No

Building

Dwelling Type Mixed Use

Others

Restrictions None Known

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Listed by First Place Realty
agent

Ken Rigel

Team Lead

+1(403) 207-1748

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