5,296 ft²Retail$3,400,000Sale
5,296 ft²
Retail
$3,400,000
Sale
Stephen Gammer
RE/MAX Commercial Advantage
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This income property has the City of Surrey as a tenant for the next 2 1/2 years (plus two 1 year options) before the owner will be able to lease to retail tenants looking to take advantage of the high traffic count and direct exposure onto King George Blvd. It is already demised into 3 units with their own civic addresses. Upgrades from 2022 were the following: new electrical, plumbing, complete commercial kitchen with walk in cooler and freezer, flooring, ceiling, walls. It has been completely brought up to date.
The Space
Asking Price$3,400,000
Available Space5,296 ft²
Net Operating Income$116000
Property UseRetail
MLS® IDC8050339
SourceDirect
The Building
Located in the Downtown Surrey Development Zone, this property is going to provide the right buyer an upside potential when the neighboring properties are assembled to take advantage of the density it will be awarded by the city.
Property TypeRetail
Floors1
Building Size5,296 ft²
Lot Size7,920 ft²
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