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123 Downtown Street SW
Downtown Commercial Core Calgary T2P 1J9

$788,000
Commercial

Main Photo: 123 Downtown Street SW in Calgary: Downtown Commercial Core Retail for lease : MLS®# A2245755
Photo 1: 123 Downtown Street SW in Calgary: Downtown Commercial Core Retail for lease : MLS®# A2245755
Photo 2: 123 Downtown Street SW in Calgary: Downtown Commercial Core Retail for lease : MLS®# A2245755
Status:
For Lease
Prop. Type:
Commercial
MLS® Num:
A2245755
One of the largest Asian banquet restaurant in Calgary, after 20 years in business under the same operator, the business owner decides to retire, with a yearly $1.5M+ of banquet reservation orders for weddings, 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, not to mention the lunch and dinner retail, as well as the take out and delivery businesses. 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 reservations, 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.
Property Type:
Commercial
Property Sub Type:
Retail
Transaction Type:
For Lease
Lease Rate:
$16.00
Lease Payment Frequency:
Annually
Lease Measure:
Square Feet
Possession:
Possession Date:
Total Building Area:
17,000 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
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Reg. Size:
Reg. Size Includes:
Year built:
1980 (Age: 45)
Bathrooms:
- (Full:-, Half:-)
Structure Type:
Mixed Use
Ensuite:
No
Garage:
No
Downtown Commercial Core
Furniture and utensil that can host a 700 person dinner banquet at one time, kitchen equipment and facilities to separate the space with dividers to host multiple functions/parties at the same time. Audio, Video equipment. Office equipment, video monitor system, Bar equipment, kitchen equipment.
None Known
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Listed Date:
Aug 05, 2025
Days on Mkt:
  • Photo 1: 123 Downtown Street SW in Calgary: Downtown Commercial Core Retail for lease : MLS®# A2245755
    Photo 1 of 2
  • Photo 2: 123 Downtown Street SW in Calgary: Downtown Commercial Core Retail for lease : MLS®# A2245755
    Photo 2 of 2
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Listed by First Place Realty
Data was last updated August 16, 2025 at 04:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.