7707 Kingsway

Retail-Commercial for Sale
Catylist Listing ID: 30432106
Property Subtypes: Service Station/Gas Station
Building Size (RSF): 12,283 SF
Gross Building Area: See Agent
Sale Price: $4,000,000
Unit Price: $325.65 PSF
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/30/2019

Overview / Comments

7707-7735 Kingsway (2 lots for sale totalling 17,245 sf – 2 Separate Listings - These losts are
part of a land assembly of 64,448 sf) 144 feet of frontage on Kingsway (over 40,000 passing
vehicles per day), There are some street widening setbacks/easements by the city that need
to be confirmed, this location benefits from proximity to an array of amenities close by from
residential, retail & Metro town a major shopping centre. Both properties are currently leased
for $8581/month until 2020 – Seller pays taxes. The subject property is zoned C4 which
allows for its current use as an automobile showroom and Auto repair facility. Under the OCP
the City of Burnaby has a FSR1 - with a bonus of .1 – the property can be re-zoned for TH’s –
3 lots out of the nine that are being assembled are owned by the city, they will sell at market
value as soon as the rest of the 6 owners agree to sell – Also see C8024621 for 7707
Kingsway

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 001-585-398

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Contact

Photograph of Listing Agent

Les Twarog

RE/MAX Crest Realty (W7) Commercial First Member
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