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22195 Dewdney Trunk Road Maple Ridge, British Columbia V2X 3H7

6229 sqft

$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:46227)

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 21 2024 02:55:43

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