$10,900,000.00 24,277 Sq.ft

900, 5075 Falconridge Boulevard NE, Calgary. T3J 3K9

Description

Take hold of this extremely rare opportunity! Magnolia Banquet Hall has been one of Calgary’s Leading wedding/event venues and is now for sale, along with its 1.79 acre plaza property. The first floor opens up to the newly renovated and updated Magnolia Banquet Hall, as well as a fully operating renowned Indian restaurant and sweet shop. The second floor comprises of The Jasmine Lounge, and 8 flex spaces which are 100% leased. Additional building features/amenities include: commercial - community 2 district zoning (C-C2f1), long-term mixed use tenants, 2 levels of underground parking, additional surface level parking, 4-storey elevator, fully installed security system, easy access to Calgary transit, and it is located in the heart of the North East. This building was built in 2008 and has over 24,000 square feet above grade, the building foundation is concrete slab with a metal frame superstructure, and includes glass pane doors and windows. Magnolia Banquet Hall and The Jasmine Lounge are exceptional businesses that have been successfully operating for over a decade. This venue is highly reputable in the community and has hosted many weddings, conferences, birthdays, concerts, etc. They are fully booked for 2022 and well on their way to being fully booked for 2023 as well, with forecasted continual growth. This is a once in a lifetime investment prospect, for all general inquires and/or property tours book today!

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A1244644
City:Calgary
Neighbourhood:Westwinds
Province:Alberta
Building/Unit Size: 24,277 sq.ft
Land Size:1.79 Acre
Listing Price:$10,900,000.00
Lease Rate:$0.00
Business Type: Arts and Entertainment,Commercial ,Hospitality Arts and Entertainment,Commercial ,Hospitality
Property Subtype:Mixed Use
Transaction Type:For Sale
Land Use Code:C-C2 f1.0h18
Listing Contract Date:2022-08-23

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "CENTURY 21 BRAVO REALTY" listing brokerage.

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