Share
$788,000
Alberta,Calgary
For Sale Active
123 Downtown Street SW, Calgary, Alberta T2P1J9
  • 17,000 Sqft
Basic Details
Description

Large Banquet Facility in Calgary. Accommodates 700 people with full kitchen and catering. Suitable for multi-days wedding parties, birthday parties, political conventions, community association events, award ceremonies, Corporate Events, Church Function, Theme Parties, Benefits/Fundraisers, Private Parties, etc…this is a profitable business. The restaurant has a capacity of 700 seating at one time, so for the larger events,

this is like a monopoly. With the year ahead bookings, investor will recover the purchase price in 2 years time. 17,000sf, low lease rate of $16/sf. Suitable for operators with banquet experience . To set up such a 17,000 sf space will cost $1.2M to $1.5M, but now you can get this built out for half the price. The condition is good, no renovation required in the next few years. (id:62650)

Read More
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: A2245755
  • Price: $788,000
  • Square Footage: 17,000 Sqft
  • Year Built: 1980
  • Status: Active
  • Property Sub Type: Business
  • Office Key: 54716
Address Map
  • Location: CA, Alberta, Calgary, Downtown Commercial Core, T2P1J9
  • Street: Any
  • Street Number: 123
  • Street Suffix: Street
  • Longitude: W115° 56' 13.6''
  • Latitude: N51° 2' 50.6''
  • Street Dir Suffix: Southwest
Powered by REALTOR.ca
Listing updated: 2025-09-13 16:50:15
List Your Property
Mortgage Calculator
Get Pre-Approved
$
$
%
%
years
Monthly Payment (Est.) $
Similar Properties
Listing Information
  • List Agent Key: 1933665
  • List Office Key: 54716
  • Modification Timestamp: 2025-08-22T20:35:34Z
  • Originating System Name: Calgary Real Estate Board
  • Status Change Timestamp: 2025-08-22T20:27:50Z
Powered by REALTOR.ca
Listing updated: 2025-09-13 16:50:16

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!