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CHRIS.MCANDREW@CENTURY21.CA

 

Century 21 Elevate Office: 30 Springborough Blvd SW, Suite 250, Calgary, AB T3H0N9


LOADING

900, 5075 Falconridge Boulevard Ne Calgary, Alberta T3J 3K9

24277 sqft
Forced Air Acreage

$10,900,000

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! (id:48042)

Business

Business Type Arts and Entertainment
Business Sub Type Entertainment

Property Details

MLS® Number A1244644
Property Type Business
Community Name Westwinds
Plan 0110843
Total Buildings 1

Building

Basement Type Unknown
Ceiling Height 360 In
Constructed Date 2008
Construction Material Poured Concrete, Steel Frame
Exterior Finish Concrete
Foundation Type Slab
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 24277 Sqft
Size Interior 24277 Sqft
Total Finished Area 24277 Sqft
Type Residential Commercial Mix

Land

Acreage Yes
Size Irregular 78092.00
Size Total 78092 Sqft|1 - 1.99 Acres
Size Total Text 78092 Sqft|1 - 1.99 Acres
Zoning Description C-c2 F1.0h18

https://www.realtor.ca/real-estate/24803544/900-5075-falconridge-boulevard-ne-calgary-westwinds