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$3,750,000
Est. payment /mo
5,400 SqFt
UPDATED:
02/13/2024 01:27 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $694
Subdivision Whalley
MLS Listing ID C8057384
Year Built 1949
Tax Year 2023
Property Description
Introducing a rare and lucrative investment opportunity in the heart of Surrey City Centre, right on King George Blvd – a standalone building with outstanding income potential and promising development prospects. This 7,920 square feet property features a meticulously remodeled 5,400 square feet building, currently leased to the City of Surrey with flexible renewal options, offering a versatile multi-tenant setup with three units. Renovations include a brand-new HVAC system, full commercial kitchen w/ Captive Aire hood and Walkin cooler, office, updated electrical infrastructure, flooring, and various other enhancements. The multitude zoning allowance includes commissary/satellite kitchen, restaurant, retail, assembly hall, recycling depot and more. With its proximity to an array of shops, restaurants, essential services, healthcare facilities, and educational institutions, this investment property is not only a sound financial choice but also an integral part of a thriving community.
Location
State BC
Community Whalley
Area North Surrey
Zoning British Columbia Default Zone
Region Fraser Valley
City Region Fraser Valley
Exterior
Roof Type Torch On
Building
Dwelling Type Office,Retail
Water Municipal
Structure Type Concrete Block,Brick/Masonry
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Listed by Macdonald Commercial Real Estate Services Ltd