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2918 GLEN Drive in Coquitlam: North Coquitlam Land Commercial for sale : MLS®# C8031663

2918 GLEN Drive Coquitlam V3B 2P5 : North Coquitlam

Main Photo: 2918 GLEN Drive in Coquitlam: North Coquitlam Land Commercial for sale : MLS®# C8031663
$46,000,000
Prop. Type:
Land Commercial, Retail
MLS® Num:
C8031663
Status:
Active
Build. Type:
Shopping Centre
Coquitlam Square in the heart of Coquitlam Centre - High-rise Site up to 6 FSR potential. Current improvements consists of 2 retails/office buildings with excellent holding income. The Lands development potential to its highest and best use provides a prime opportunity to work with the City to maximize density. The existing Official Community Plan (OCP) designates the land as General commercial, C-2 a zone designated to accommodate shopping centres and lower densities. Discussions with City planners in January 2020, there is a draft OCP plan being considered that accommodates higher mixed use densities due to the recent Evergreen line expansions and rapid transit stations. Given the upcoming proposed changes to City Centre Commercial zone indicated in the draft revised OCP , it is envisioned that the subject property will benefit from this up-zoning to a minimum C-4 zoning designation.
Sale Type:
Asset
Property Type:
Land Commercial, Retail
Construction:
Brick/Masonry, Wood Frame, See Remarks
Building Type:
Shopping Centre, Street-Level Storefront, Strip Mall
Year built:
1979 (Age: 41)
Total Floor Area:
Switch units of measure0.82 acre(s)
Land Use/Zoning:
C-2
Taxes:
$183,449.59 / 2019
Handicap Access/Facil, Storefront
# Elevators:
1
Services Connected:
Cable, Electricity, Fiber Optics at Lot Line, Fully Serviced, Natural Gas, Telephone, Sewer - Storm, Street Lighting, Sidewalk, City Water
Water Supply:
Municipal
HVAC:
See Realtor Remarks, Rooftop
Env Assmt Phase:
Phase/Stage 1
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
Listed by HQ Commercial and RE/MAX Lifestyles Realty
Data was last updated September 29, 2020 at 07:05 PM (UTC)
RAYMOND LEUNG

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