CMC 2232 Calgary Alberta
Total Cost of Project: $11,250,000 Million
- Equipment: $500,000
- Land & Building: $9,750,000
- Upgrade & Reno: $1,000,000
CMC 2232 - Calgary, Alberta
Existing site presently has 5,000 sq ft on the upper level with 1,800 sq ft in the basement. This site also has sufficient parking to support an active clinic/pharmacy. The building is very well built and in sound shape and ready for renovations to become a fantastic Calgary clinic location – CMC 2232.
Land: 0.46 acres
Building: 6,839 sq ft
Frontage: 100’ Wide x 201’ Depth
Main Floor Staff Area: 1,307 sq ft
Main Floor Guest Area: 4,243 sq ft
Basement Area: 1,289 sq ft
Patio: 2,579 sq ft
Year Built: 1995
Full Purchase: Business, Building & Land
Parking: 30 surface stall (Includes Loading Zone)
Property Tax: $29,325.94 (2023/2024)
Land Use: M-H3 (F4.5h38) – Multi Residential – High Density High Rise
Construction: Steel with concrete foundation
Area Plan
In addition to its own inclusive parking, there is ample street parking and it is located right beside a park creating a pleasant ambience for a secondary outdoor sitting area adjacent to the pharmacy.
This location is a short 1km walk from downtown Calgary and in close proximity to local transit.
Development Potential
Phase 1 Reno (5-10 Year Use)
Expansion of Existing Building to facilitate clinic & pharmacy
With a million dollar investment in the patio enclosure and necessary clinic renovations, this site is a perfect location for a clinic/pharmacy combination which will service the debt of this substantial property acquisition in addition to the financing costs of the renovations.
Phase 2 Reno (12 Story Structure)
The 12 story high rise will be comprised of various retail on the ground floor including the pharmacy, clinic entrance, and waiting area. The second and third floor will house Canada’s Medical Clinic 2232. The next two floors will be office space with the remaining seven floors will be residential inclusive of luxury penthouse suites on the top.
This combination of incoming generating tenancy, will easily generate and facilitate enough income to support a strong cap rate to service the debt of this 55+ million dollar asset.
It’s not often in life that we get the chance to be involved in an extremely lucrative business opportunity, while simultaneously engaging in the solution of a national crisis.”
- Vern Peterson
