1505-1517 - 1505 56 Street, Delta, BC
6,229 ft²Retail$4,500,000Sale
6,229 ft²
Retail
$4,500,000
Sale
Mitch Ellis
Lee & Associates Vancouver
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Lee & Associates is pleased to present the opportunity to acquire a fully leased retail strip mall with prominent exposure along 56th Street. The property offers a great opportunity for rental income appreciation with rezoning and long-term redevelopment potential. Investment Highlights: Long-term redevelopment potential Below market retail rental rates, upside on potential lease renewals All short-term leases in place 100% leased well-maintained property High exposure location provides potential for increased density Favorable C1 Core Commercial zoning in the City of Tsawwassen’s retail neighbourhood Highly sought-after surrounding amenities Ample on-site parking
The Space
Asking Price$4,500,000
Available Space6,229 ft²
Suite Number1505-1517
Floor1
Property UseInvestment property
Taxes$33,404/yr
ZoningC1 (Core Commercial)
SourceDirect
Bus Line
Outdoor Signage
Parking
Transit Friendly
The Building - The Malcom Centre
The Property is a freestanding building designed to present as a commercial strip mall with prime exposure to 56th Street. The adjacent site to the north has prominent tenants such as Dairy Queen and 7-Eleven as well as a mix of other local, regional and national tenants.
Property TypeRetail
Floors1
Building Size6,229 ft²
Lot Size16,502 ft²
Taxes$33,404/yr
ZoningC1 (Core Commercial)
Bus Line
Outdoor Signage
Parking
Transit Friendly
Up to $500K for British Columbia businesses
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