771 GIBSONS WAY
Gibsons & Area - Gibsons
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Transac. Type:

For Sale

Sale Type:

Asset

Subject Space:

21117  sqft

MLS® #:

C8059672

Sotheby's International Realty Canada

Date Listed:  2 weeks ago

Description

Incredible investment potential! This landmark shopping plaza boasts 21,117 sq ft of retail/office space, strategically located on a prime corner lot in Gibsons. With long-term tenants, including the Salvation Army, stability is assured. Zoned as C1 Upper Gibsons Commercial, it allows for mixed-use development with the potential for up to 26,000 sq ft of retail/office space and and 36,000 sq ft per floor of residential for two floors. Recent approvals of similar properties signal potential to expand up to six floors. The location of this property ensures incredible views from all levels of the residential units. Hold for solid rental income while unlocking the full development potential of this strategic property. Phase 1 Environmental complete. Call today for a full information package.

Highlights
Lease Rate
0
Lease Op.Cost
0.00
Lease Sublease
N/A
Lease Term
N/A
Lease Type
N/A
Lease Space
21117

 sqft

Features
List Price
7990000
Property Type
N/A
Transac. Type
For Sale
Days on Market
0
Zoning
C1 UPPER GIBSONS COM
Land Size
45242.00 sqft 1.04 Acres
Interest in Land
Freehold
Subject Space
21117  sqft
Year Built
1986
Complex Name
Kern's Plaza
Seller Rights
Parking
0
Roof
N/A
Strata Fee
0.00
Previous Price
0.00
Depth
0
Original Price
7990000
Width
0
Gross Tax
57759.49 (2023)
Amenities
N/A
Construction
Brick/Masonry, Concrete
Major Business Type
N/A
Building Type
Freestanding, Shopping Centre
Minor Business Type
N/A
Site Services
Fully Serviced,Natural Gas
Permitted Use
Mixed Use, Multifamily (5+)
Amenities

Legal Description

Done by EXP in 2022

Location & Neighborhood

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