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New property listed in West End NW, New Westminster

I have listed a new property at 702 TWELFTH ST in NEW WEST.

Free Standing Retail, fully Leased to Single Long term tenant!

This property is located at the intersection of Twelfth St. and Seventh Ac Ave. It is within busy commercial district and is surrounded by high density residential area with large pedestrian exposure.

The property closes to public transportation, schools, parks, etc. The Lot size is 65 Ft. X 91 Ft., approx. 6,072 SF, with a freestanding commercial building at approx. 4,072 SF. Fully lease to a good long term tenant, gross rent at 4,500 per month (approx. $40,000 net income per year).

Currently under C-2A (community commercial dist) zoning, allows variety of commercial usage. Has potential to build four-storey commercial building. Good property for holding or for development.

Please do not disturb the Tenant.

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