- Status:
- Active
- Prop. Type:
- Office, Land Commercial
- MLS® Num:
- C8057547
- Bus Major:
- Other/See Remarks
- Bus Minor:
- Other/See Remarks
- Build. Type:
- Office Building
- Photos (13)
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Presenting an exceptional opportunity for investors and developers, this property offers over 27,700 square feet of prime re-development land. The highest & best use envisions a one-level commercial/retail space accompanied by the potential for 5 levels of wood-frame residential apartments, all topped off with convenient underground parking. Currently operating as a medical building, the property yields an impressive $200,000 Net Operating Income (NOI) annually, with a modest 40% lot coverage. Positioned at the high-visibility corner of 222nd & Dewdney Trunk Road, this location experiences substantial foot & vehicle traffic, enhancing its commercial viability. The property is currently tenanted with solid leases, each extending for five years, contributing to a reliable and diverse tenant mix. Whether considered as a robust revenue-holding asset or a prime candidate for immediate redevelopment, this offering promises an exciting venture in a thriving and strategic locale. Must be purchased with R2849049
- Sale Type:
- Asset
- Major Bus Type:
- Other/See Remarks
- Minor Bus Type:
- Other/See Remarks
- Construction:
- Wood Frame
- Building Type:
- Office Building
- # Storeys:
- 1.0
- Year built:
- 1974 (Age: 50)
- Total Floor Area:
- 6,229 sq. ft.
- Lot Area:
- 20,282 sq. ft.
- Acres Freehold:
- 20,038 sq. ft.
- Land Use/Zoning:
- C-3
- Permitted Use:
- Mixed Use
- Taxes:
- $32,767.68 / 2022
- Air Conditioning
- Services Connected:
- Fully Serviced
- Water Supply:
- Municipal
- HVAC:
- Central A/C, Forced Air
- Sewer Septic:
- Municipal/Community
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- No
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Listed by RE/MAX LIFESTYLES REALTY
Data was last updated November 23, 2024 at 02:10 PM (UTC)
- DAVID FOSTER
- Westview Realty
- 1 (604) 649 0149
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2024 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.