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Riley Park Health Centre 1402 8 Av NW

74,952 SF 87% Leased Office Building Calgary, AB T2N 1B9 For Sale

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Investment Highlights

Redevelopment opportunity.
This site offers a prime location for visionary investors and developers.

Located across from Riley Park and close to various retail and entertainment amenities.

Executive Summary

ZONED FOR 1,048,924 GFA RESIDENTIAL. POTENTIAL FOR ADDITIONAL DENSITY AS PER RILEY LOCAL AREA PLAN (LAP). The subject site has an amazing opportunity to develop “ A Best of Class Urban Village “ with the potential to create a unique housing and lifestyle experience. Located across from Riley Park and close to various retail and entertainment amenities, this site offers a prime location for visionary investors and developers. This redevelopment site presents a unique chance to create a master-planned residential/commercial development that seamlessly blends with the area's character while meeting the evolving needs of Calgary's residents. Potential features could include: Modern residential units with stunning park views & Downtown views. Ground-floor retail spaces to cater to the neighborhood's thriving commercial scene. Create a sustainable, people-centric development that aligns with Calgary's urban planning goals. Contribute to the city's growth while preserving the neighborhood's unique charm With its strategic position and the city's commitment to urban renewal, this site offers immense potential for a landmark development that will shape the future of Calgary's urban landscape. The existing 75,000 ± square foot medical office building currently generates in-place holding income, providing financial stability while plans for redevelopment are finalized.

Riley Park Village Brochure

Property Facts

Sale Type

Investment

Sale Condition

Redevelopment Project

Property Type

Office

Property Subtype

Medical

Building Size

74,952 SF

Building Class

Year Built

1926

Percent Leased

87%

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

24,984 SF

Building FAR

0.29

Land Acres

6.02 AC

Parking

257 Spaces (3.43 Spaces per 1,000 SF Leased)

Space Availability

1st Fl-Ste 110
6,219 SF
Office/Medical
Full Build-Out
Now

1st Fl-Ste 171
3,881 SF
Office/Medical
Full Build-Out
Now

Suite 171 is a 3,881 square foot medical office space, consisting of 12 exam rooms with sinks, three moderately sized offices and one large corner office. Windows along the east wall, provide plenty of natural light to the space. Available immediately.