22195 Dewdney Trunk Road Maple Ridge, British Columbia V2X 3H7
$6,400,000
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:46941)
Business
| Business Type | Other |
| Business Sub Type | Other |
Property Details
| MLS® Number | C8057547 |
| Property Type | Vacant Land |
Building
| Constructed Date | 1974 |
| Size Interior | 6229 Sqft |
Land
| Acreage | No |
| Size Irregular | 20282 |
| Size Total | 20282 Sqft |
| Size Total Text | 20282 Sqft |
| Zoning Description | C-3 |
Utilities
| Water | At Lot Line |
https://www.realtor.ca/real-estate/26506714/22195-dewdney-trunk-road-maple-ridge
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May 07 2024 05:53:28
Real Estate Board Of Greater Vancouver
RE/MAX Lifestyles Realty
