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$3,399,000
Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8079456
Year Built 1972
Property Sub-Type Retail
Property Description
Rarely does an opportunity arise to acquire over 200 feet of high-exposure retail frontage on the most active block of Marine Drive in White Rock. This 6,727 SF mixed-retail asset consists of five demised units within a single strata lot and offers investors a strong in-place return f approximately 5% with significant near-term upside. Rental growth can be achieved through lease-up of the vacant unit, scheduled rent increases, and forthcoming lease renewals. Situated in one of Metro Vancouver's most desirable waterfront communities, this value-add investment is attractively priced relative to its $4,603,000 assessed value.
Location
Province BC
Community White Rock
Area South Surrey White Rock
Zoning CR-3
Building
Story 1
Sewer Public Sewer
Water Public
Others
Ownership Strata
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