4,320 ft²Retail$2,450,000Sale
4,320 ft²
Retail
$2,450,000
Sale
JD Murray
NAI Commercial BC
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COURT ORDERED SALE | 4,320 SF Retail on 0.22 Acres • 4,320 SF retail building • 3,462 SF retail unit with warehouse • 858 SF retail unit – tenanted with holding income • One grade door • Excellent street exposure The property represents a rare opportunity to purchase a 4,320 SF, one-storey, free standing retail building constructed in 1950, on a 0.22-acre, C5 zoned lot. The building is split into two retail units. 2660 Ware Street has a net leasable area of 3,462 SF and 2650 Ware Street has a net leasable area of 858 SF. 2660 Ware has a warehouse area with 13-foot ceiling height and one grade door. Unit 2650 Ware is tenanted and has a gross revenue of approximately $22,308 per annum. The City of Abbotsford Official Community Plan designates the existing use for the property as “Secondary Commercial,” which allows for commercial strip malls with off street surface parking, indoor industrial uses, and small and medium format retail centers up to 2 storeys. Heights up to 4 storeys are permitted for tourist accommodations. The property is being sold as-is-where-is, and all offer are subject to Court approval.
The Space
Asking Price$2,450,000
Available Space4,320 ft²
Net Operating Income$22,308
ZoningC-5
Year Built1950
Ceiling Height13'0"
SourceDirect
Outdoor Signage
The Building
The property is located on the east side of Ware Street, between Walsh Avenue and Walsh Lane, just south of South Fraser Way in the City of Abbotsford. The property has easy highway access to the Trans Canada highway, with access to all amenities, and the rest of Greater Vancouver and the Lower Mainland.
Property TypeRetail
Building Size4,320 ft²
Lot Size9,600 ft²
Up to $500K for British Columbia businesses
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