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Here Is A New Listing That I Just Posted In 5008 1 STREET W in Claresholm
Posted on
February 22, 2023
by
Rob Campbell
Here is a new listing that I am happy to post in 5008 1 STREET W in Claresholm. **BUSINESS ONLY** One of Southern Alberta’s most loved small-town eatery’s is for sale. Roy’s Place Restaurant in Claresholm is known far and wide for its fantastic food, warm and welcoming service and...wait for it...cinnamon buns that people come from all over Western Canada for. Built in 1988 and located right on Hwy 2, one of Alberta’s busiest highways, this is stand- alone building with great parking. The building is 4,285 sqft(+/-) sitting on a 14,962 sqft corner lot, with C1 - Retail/Commercial Zoning The current owners have renovated and replaced virtually every part of this clean, well main maintained restaurant. The dining room is spacious and with both booths and table seating. There is a private function room that can be booked out for special events, birthday’s, company functions etc.
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Here is a new listing that I am happy to post in 634 17 AVENUE SW in Calgary. Exceptional retail opportunity located on one of Calgary’s most active and recognizable commercial corridors. Positioned along 17th Avenue SW in the Beltline/Mission area, this property benefits from strong pedestrian traffic, excellent street exposure and immediate access to one of the city’s busiest dining, nightlife, retail and lifestyle districts.
This is a rare opportunity for an operator to secure a presence on 17th Avenue SW, a destination corridor known for restaurants, bars, boutique retail, personal services and high density inner city residential traffic. The surrounding area draws steady daytime, evening and weekend activity, making it well suited for food service, quick service restaurant use, hospitality, specialty retail or a conversion to a new concept, subject to landlord approval and municipal requirements.
The property sits in a highly visible inner city location near the heart of Calgary’s entertainment and restaurant scene, directly across the street from Western Canada High School.
With its prominent 17th Avenue frontage, strong surrounding demographics and proximity to downtown Calgary, this location offers an excellent platform for a business seeking high exposure in a proven urban commercial district. Opportunities of this nature along 17th Avenue SW are limited, particularly for operators looking for a recognizable address with strong visibility and built in neighbourhood traffic.  Here is a new listing that I am happy to post in Calgary. Here is a great opportunity to take over a professionally built hospitality space in one of Calgary’s most established inner city neighbourhoods.
The space was designed as a quick service food and beverage operation and would work well for a café, sandwich shop, pizza concept or almost any other fast casual restaurant. There is also a separate licensed room that could be used for evening service, private dining, tasting events, small functions or another complementary concept. Two outdoor patios provide additional seasonal seating and help create even more ways to use the space.
More than $550,000 was originally invested in the buildout, and the assets are now being offered for $265,000. For a buyer looking to open a hospitality business, this is an opportunity to acquire a high quality, ready to operate space for a fraction of what it would cost to build something similar today.
The sale includes the leasehold improvements, furniture, fixtures and equipment. Additional equipment may also be available, giving a purchaser the flexibility to adapt the space to suit their own menu and concept.
The kitchen has been designed for efficient service, with existing takeout and delivery infrastructure already in place. The professionally finished interior gives a new operator the ability to open much sooner, while still allowing them to introduce their own branding, décor and personality.
Property Highlights
• Prime location in one of Calgary’s best known hospitality districts
• Professionally designed quick service restaurant
• Efficient commercial kitchen
• Separate licensed room for evening service, private events or additional dining
• Two outdoor patios
• Licensed food and beverage operation
• Takeout and delivery systems already in place
• High quality leasehold improvements
• Furniture, fixtures and equipment included
• Additional equipment may be available
• Attractive lease, subject to landlord approval
Building a comparable restaurant today would require a much larger investment, along with the time and uncertainty involved with design, construction, permits and tenant improvements. This opportunity allows a buyer to spend less time building and more time opening, marketing and growing their concept.
The current ownership has decided to realign its hospitality operations and make the space and assets available to a new operator. The existing brands are not included in the sale, allowing the purchaser to bring their own vision to the location.
The business identity, operating information, lease details and additional information will be provided to qualified purchasers.  Here is a new listing that I am happy to post in 319 11 AVENUE NE in Calgary. This is one of those inner city properties where the value is not just in the house, but in the options that come with it.
Located in the heart of Crescent Heights, this well kept bungalow offers the opportunity to move in and enjoy it as it is today, hold the property as a long term investment, or explore the redevelopment potential of the site in the future.
The home offers approximately 723 sq. ft. above grade with two bedrooms and a bright, comfortable main floor. A spacious living room opens into the dining area and renovated kitchen, with large windows bringing in plenty of natural light. The lower level adds a large recreation room, 3 piece bathroom, laundry and plenty of storage, giving the home considerably more usable space than the above grade square footage might suggest.
Outside, the fully fenced and landscaped backyard provides a great private outdoor space, while the single detached garage, covered parking and additional stalls provide parking for up to five vehicles something that is increasingly difficult to find this close to downtown.
What really sets this property apart is the land and location. Situated on an approximately 4,499 sq. ft. lot with roughly 37.5 feet of frontage and M-CG d72 zoning, the property offers interesting future redevelopment potential, subject to City approval. Crescent Heights continues to see older properties replaced with contemporary infill, townhome and multi residential development, including redevelopment already taking place along 11 Ave and throughout the surrounding neighbourhood.
That makes this a property you can actually use today while keeping an eye on tomorrow. Live in the bungalow, renovate it further, hold it as an investment, or investigate a future redevelopment project when the timing is right.
The location is hard to beat. You are just off Edmonton Trail and minutes from downtown, with quick access to Centre Street, Bridgeland, SAIT, transit, schools, parks, pathways and some of Calgary's best independent restaurants, cafés and neighbourhood businesses. The Bow River pathway system and downtown core are also close by, giving this location the walkability and accessibility that continues to drive demand for inner city living.
A solid home today, valuable inner city land underneath it, and several possibilities for the future this is a property worth taking a closer look at. |
