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970 Dominion Av

7.01 Acres of Commercial Land Offered at £29,500,180 in Port Coquitlam, BC V3B 8B2

Investment Highlights

  • 4.2 acres of development ready serviced and levelled excess land that will facilitate additional commercial density
  • An established retail core with synergistic big-box retailers present including Canadian Tire, Home Depot, Walmart, Costco, and Save-On-Foods.
  • One of the Lower Mainland’s most active communities with a growing residential base and diversified mixed-use amenities

Executive Summary

The property is situated in one of the Lower Mainland’s most active communities, which is experiencing significant growth in its residential base and a diverse range of mixed-use amenities. The current tenant profile includes strong income and covenant with BC Cannabis Store, Value Village, and H-Mart, collectively generating a high Net Operating Income.
Additionally, the area boasts an established retail core with large-scale retailers such as Canadian Tire, Home Depot, Walmart, Costco, and Save-On-Foods, contributing to its commercial vibrancy.
The offering includes 4.2 acres of development-ready, serviced, and leveled excess land, which presents an opportunity for additional commercial density. This feature is particularly advantageous in a neighborhood experiencing rapid growth, characterized by increasing low and midrise wood frame developments. As a result, the location is highly desirable among young professionals, families, and move-up buyers seeking both residential and commercial opportunities.

Property Facts

Price £29,500,180
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 7.01 AC

1 Lot Available

Lot

Price £29,500,180
Price Per AC £4,208,300
Lot Size 7.01 AC

Offering consists of a fully leased 53,096 square foot multi-tenant retail building currently leased to Value Village, H-Mart & BC Cannabis. The total property is 7.013 acres with 4.2 acres serviced and ready to build. Will JV. Zoned DC.

Description

The Property consists of one legal lot of which the back portion is fully serviced and unimproved representing a premier shovel ready development opportunity. The front portion of the Property is improved with a 53,096 square foot multi-tenant retail building currently leased to BC Cannabis, Value Village and H-Mart representing a diversifi ed tenant roster with underlying land potential. The total property comprises 7.013 acres with the back portion totaling 4.2 acres.

zoning

Zoning Code CD (District Commercial)
CD (District Commercial)
  • Listing ID: 32503007

  • Date on Market: 18/07/2024

  • Last Updated:

  • Address: 970 Dominion Av, Port Coquitlam, BC V3B 8B2

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