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 (id:4069)
| Address |
22195 DEWDNEY TRUNK ROAD |
| List Price |
$6,400,000 |
| Property Type |
Vacant Land |
| Area |
British Columbia |
| Sub-Area |
Maple Ridge |
| Floor Area |
6,229 Sq. Ft. |
| Lot Size |
20282 Sq. Ft. |
| Year Built |
1974 |
| MLS® Number |
C8057547 |
| Listing Brokerage |
RE/MAX LIFESTYLES REALTY
|
| Postal Code |
V2X3H7 |
| Zoning |
C-3 |
