5702 - 5716 2 Street SW

Commercial Land For Sale in Manchester, Calgary CC

$4,380,000
A prime land assembly is available in Manchester, Calgary, offering exceptional potential for high-density mixed-use development. Situated near the bustling intersection of Macleod Trail and 55 Avenue SW, the property spans approximately 25,000 square feet and is zoned DC-1 with Permitted Uses of MU-1 (MU-1f8h75), allowing for a wide range of commercial and residential uses (Proposed Plans for 146 Units, permitted). With a FAR of 5.0, which can be expanded to 8.0, developers have the flexibility to create a dynamic project that caters to the growing demand for housing and commercial space in this thriving community. The property's strategic location, combined with the favorable zoning and development potential, presents a unique opportunity for investors and developers seeking to capitalize on Manchester's rapid growth and vibrant lifestyle. The land assembly includes a diverse mix of existing properties, including a 4plex, duplex, single-family home with a basement suite, and a single-family home. This provides a solid foundation for redevelopment and offers potential rental income during the planning and construction phases. Manchester, a mature and established neighborhood, has experienced significant population growth in recent years, driven by its proximity to major amenities, transportation options, and the area's overall appeal. The demand for housing and commercial space in Manchester continues to outpace the city average, making this land assembly a highly desirable investment opportunity. Land Assembly is currently bringing in $120,540 Annual Gross Income.
Address 5702 - 5716 2 Street SW
List Price $4,380,000
Property Type Land
Type of Dwelling Commercial Land
Area Calgary CC
Sub-Area Manchester
Lot Size 25000 Sq. Ft.
MLS® Number A2164096
Listing Brokerage CIR Realty
Postal Code T2H 1Y6
Zoning DC
Site Influences Schools Nearby, Shopping Nearby, Park, Playground, Sidewalks, Street Lights

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Farrah In the City

Century 21. Bamber Realty Ltd.

Calgary Alberta

Office: (403) 923-9445

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