$7,500,000
32490 SIMON AVENUE Abbotsford, BC V2T 4J2
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$7,500,000
Est. payment /mo
15,600 SqFt
Active
32490 SIMON AVENUE Abbotsford, BC V2T 4J2
UPDATED:
11/02/2024 01:34 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,600 sqft
Price per Sqft $480
Subdivision Abbotsford West
MLS Listing ID C8064182
Annual Tax Amount $77,589
Tax Year 2024
Property Description
A rare opportunity to acquire a 1.35 acre site in City Centre Abbotsford that lends itself to both multifamily development, and/or an owner/user opportunity with the existing improvements of 15,600 SF. 2019 City Centre Abbotsford Neighborhood Plan Designates the property as City Centre Residential which allows for a base density of 2.75 FSR with bonus density of up to 2.25 FSR. Current NOI of $168,985. Current tenant''s expiry is April 30, 2029 with no renewal options. Please call for guidance on buildable area.
Location
Province BC
Community Abbotsford West
Area Abbotsford
Zoning British Columbia Default Zone
Region Fraser Valley
City Region Fraser Valley
Building
Dwelling Type Land Commercial,Retail
Listed by Marcus & Millichap
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