104 Street Property
Edmonton, AB
The Offering
The 104 Street Property (hereinafter, the “Property”) presents investors with the opportunity to acquire +/- 18,000 SF of occupied retail space with approved new zoning that achieves a floor area ratio of 16.0 and is designated for commercial retail and high-density residential. Strategically located in the heart of Downtown, in the evolving ICE District, the Property benefits from high visibility and immediate proximity to the city's top retail, dining, and entertainment destinations.
Institutional Property Advisors, a division of Marcus & Millichap has been exclusively selected to offer The 104 Street property for sale. The Property is being offered with no list price.
At this time, offers will be reviewed on an as-received basis.
Investment Highlights
○ IN PLACE INCOME WITH APPROVED NEW ZONING: +/- 14,975 SF corner lot of prominent infill lands zoned for new high-rise development in Edmonton’s ever evolving Downtown ICE District. The Property currently offers in-place income
○ TRUE URBAN LIVING AND WALKABILITY: Located one block south of highly trafficked intersection of 104 Ave NW and 104 St NW and bordered by residential and commercial parcels in Edmonton’s Downtown
○ ACCESSIBLE CORE LOCATION: he Property is within 500 meters of Edmonton’s Light Rail Transit (LRT) Bay Enterprise Square Station, connecting the area with efficient and cost-effective transportation to all nodes of the city
○ DEVELOPMENT POTENTIAL: The Lands accommodate a mixed-use high-rise development that provides an active streetscape and is compatible in scale, function, built form and design with the historical, architectural and urban village character to the area.
○ TRUE URBAN LIVING AND WALKABILITY: Located one block south of highly trafficked intersection of 104 Ave NW and 104 St NW and bordered by residential and commercial parcels in Edmonton’s Downtown
○ ACCESSIBLE CORE LOCATION: he Property is within 500 meters of Edmonton’s Light Rail Transit (LRT) Bay Enterprise Square Station, connecting the area with efficient and cost-effective transportation to all nodes of the city
○ DEVELOPMENT POTENTIAL: The Lands accommodate a mixed-use high-rise development that provides an active streetscape and is compatible in scale, function, built form and design with the historical, architectural and urban village character to the area.
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