Rare opportunity to acquire an exceptionally well positioned corner lot at the gateway to Austin Heights, a rapidly evolving neighbourhood in Coquitlam. Purchase freehold interest in improved land with future development upside at near strata pricing.
- High-profile corner income property with future development potential
- Holding income from existing tenants
- Current C-2 General Commercial Zone allows for restaurants, retail, grocery, education centers, financial institutions, and more
- Potential high-rise or wood-frame mixed-use development site
-Designated as a high-density Neighbourhood Centre in the Austin Heights Neighbourhood Plan
Available Space3,444 ft²
Net Operating Income$Please contact listing agent.
Property UseInvestment property
ZoningC-2 General Commercial
Located on the southwest corner of Austin Avenue and Marmont Street in the Austin Heights neighbourhood of Coquitlam, BC. Austin Heights is a vibrant community oriented neighbourhood with excellent accessibility, diversity, and amenities. Austin Avenue is a commercial main street and a local shopping destination for Coquitlam residents.
Shadow-anchored by Beedie Living’s massive Safeway expansion and redevelopment estimated to open Summer 2019, other area tenants include RONA, BMO, TD Canada Trust, CIBC, Pharmasave, and Westminster Savings. With the recent expansion of the Millennium Line and the new Evergreen Line, Coquitlam has gained greater connectivity to the rest of the Lower Mainland.
Building Size3,444 ft²
Lot Size7,839 ft²