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12005 238B St 12,026 SF 91% Leased Retail Building Maple Ridge, BC V4R 1W1 $5,350,000 CAD ($444.87 CAD/SF) 4.40% Cap Rate

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Executive Summary

Rare opportunity to acquire a 95% leased commercial building at 12005 238B Street. This well-maintained property features a strong "medical tenant base," including two medical clinics, a pharmacy, and a physiotherapist. Located in a growing community with excellent visibility, this building is a great addition to any portfolio. With one **1,100 square-foot unit vacant**, there's a chance to increase revenue. The property generates a net income of approximately **$209,000**. The seller is motivated, so don't miss this chance to invest in a thriving commercial hub.

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

12,026 SF

Building Class

Year Built

2007

Price

$5,350,000 CAD

Price Per SF

$444.87 CAD

Cap Rate

4.40%

NOI

$235,400 CAD

Percent Leased

91%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.66

Lot Size

0.42 AC

Zoning

C-2 - Commercial

Corner Lot

Wheelchair Accessible

Air Conditioning

Smoke Detector

Space Availability

Space
Size
Space Use
Position
Available

221
1,108 SF
Retail
-
Feb 2026

12005 238B St, Maple Ridge, BC for sale Building Photo- Image 1 of 4 — Building Photo

12005 238B St, Maple Ridge, BC for sale Building Photo- Image 2 of 4 — Building Photo

12005 238B St, Maple Ridge, BC for sale Building Photo- Image 3 of 4 — Building Photo

12005 238B St, Maple Ridge, BC for sale Interior Photo- Image 4 of 4 — Interior Photo

Discover a prime opportunity for your business at 12005 238B Street in beautiful Maple Ridge. This strategically located office space offers a perfect blend of convenience and professionalism. With modern amenities and a welcoming atmosphere, this is more than just a workspace; it's a place where your business can thrive. Seize the chance to elevate your work environment and establish your presence in this vibrant community. Schedule a visit today and envision your business flourishing in this premier Maple Ridge location.