14881 Marine DR, White Rock, BC V4B 1C2
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14881 Marine DR, White Rock, BC V4B 1C2
14881 Marine DR, White Rock, BC V4B 1C2
14881 Marine DR, White Rock, BC V4B 1C2
14881 Marine DR, White Rock, BC V4B 1C2
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Darell Pinazo

Darell Pinazo

+1(778) 859-8058
$ 3,399,000
Est. payment /mo
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14881 Marine DR White Rock, BC V4B 1C2

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type Asset

MLS Listing ID C8079456

Year Built 1972

Property Sub-Type Retail

Property Description

Rarely does an opportunity arise to acquire over 200 feet of high-exposure retail frontage on the most active block of Marine Drive in White Rock. This 6,727 SF mixed-retail asset consists of five demised units within a single strata lot and offers investors a strong in-place return f approximately 5% with significant near-term upside. Rental growth can be achieved through lease-up of the vacant unit, scheduled rent increases, and forthcoming lease renewals. Situated in one of Metro Vancouver's most desirable waterfront communities, this value-add investment is attractively priced relative to its $4,603,000 assessed value.

Location

Province BC

Community White Rock

Area South Surrey White Rock

Zoning CR-3

Building

Story 1

Sewer Public Sewer

Water Public

Others

Ownership Strata

REBGV/FVREB/Chilliwack (Commercial IDX)
Darell Pinazo

Darell Pinazo

Agent

+1(778) 859-8058

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14881 Marine DR

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