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1468 Johnston Rd 4,403 SF 100% Leased Retail Building White Rock, BC V4B 3Z5 $5,000,000 CAD ($1,135.59 CAD/SF)
INVESTMENT HIGHLIGHTS
- 1468 Johnston Avenue is contained within the Town Centre zone in the White Rock Official Community Plan.
- New projects will be focused on residential development along with a mixture of commercial, civic and retail uses.
- Density up to a 3.5 FAR is permitted.
- An excellent opportunity to become part of a future re-development in the heart of White Rock.
EXECUTIVE SUMMARY
Opportunity to acquire a freehold interest in 1468 Johnston Road, a retail-based strip centre with the potential to re-develop at a future date. 1468 Johnston is situated in the heart of White Rock’s Town Centre Commercial/Residential zone which allows for an approximately 3.5 FAR development density.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,403 SF
Building Class
B
Year Built
1977
Price
$5,000,000 CAD
Price Per SF
$1,135.59 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.43 AC
Zoning
CR-1 - Commercial - Regional 1 District
Parking
16 Spaces (3.63 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (96)
NEARBY MAJOR RETAILERS
1 of 5
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1468 Johnston Rd
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