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32490 Simon Av 15,600 SF Vacant Industrial Building Abbotsford, BC V2T 4J2 $6,800,000 CAD ($435.90 CAD/SF) 2.49% Cap Rate
Investment Highlights
- Rare 1.35-acre multifamily development opportunity in the heart of Abbotsford.
- Surrounded by key amenities, including major retail, parks, recreation facilities, and Mill Lake.
- Prime central location one block north of South Fraser Way, the city’s main traffic corridor.
- Strong development upside with City Centre Neighborhood Plan zoning allowing up to 2.75 FSR plus potential density bonus up to an additional 2.25 FSR.
Executive Summary
the sale of 32490 Simon Avenue, Abbotsford, B.C. (the “Subject Site”). The Subject Site
presents a rare opportunity to acquire a 1.35 acre site that lends itself to both multifamily
development, and/or an owner/user opportunity with the existing improvements.
Property Facts Under Contract
| Price | $6,800,000 CAD | Building Class | C |
| Price Per SF | $435.90 CAD | Lot Size | 1.35 AC |
| Sale Type | Investment | Rentable Building Area | 15,600 SF |
| Cap Rate | 2.49% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1970 |
| Zoning | C4 - Service Commercial Zone | ||
| Price | $6,800,000 CAD |
| Price Per SF | $435.90 CAD |
| Sale Type | Investment |
| Cap Rate | 2.49% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 1.35 AC |
| Rentable Building Area | 15,600 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | C4 - Service Commercial Zone |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
DAY CARE OPPORTUNITY Prime opportunity to lease 15,600 SF of a rare large format standalone building located just one block north of South Fraser Way, 32490 Simon Avenue offers exceptional accessibility and exposure within Abbotsford’s established commercial core. The property is surrounded by major retail destinations, recreational amenities, and dense residential neighbourhoods, making it an ideal location for a wide range of commercial, entertainment, recreational, educational, and assembly uses.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 15,600 SF | Retail | - | Now |
1st Floor
| Size |
| 15,600 SF |
| Space Use |
| Retail |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 15,600 SF |
| Space Use | Retail |
| Build-Out | - |
| Available | Now |
DAY CARE OPPORTUNITY Prime opportunity to lease 15,600 SF of a rare large format standalone building located just one block north of South Fraser Way, 32490 Simon Avenue offers exceptional accessibility and exposure within Abbotsford’s established commercial core. The property is surrounded by major retail destinations, recreational amenities, and dense residential neighbourhoods, making it an ideal location for a wide range of commercial, entertainment, recreational, educational, and assembly uses.
Presented by
32490 Simon Av
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