Gibsons Grocery and Convenience Stores for Sale

Commercial Real Estate in Gibsons available for sale

Retail Spaces for Sale Within of Gibsons

More details for 771 Gibsons Way, Gibsons, BC - Retail for Sale

Kern's Plaza - 771 Gibsons Way

Gibsons, BC V0N 1V9

Retail for Sale
$7,998,000 CAD
21,117 SF

Gibsons Retail for Sale

Property Overview Rare opportunity to acquire a high-profile commercial property in the heart of Upper Gibsons. The site is fully tenanted, generating current gross annual rents of approx. $428,000, with near-term escalations already in place. Net operating income (NOI) is approximately $315,000, reflecting a 3.95% cap rate at the asking price of $7,980,000. This provides strong in-place cash flow and stable tenant mix in one of the Sunshine Coast’s busiest commercial hubs. Redevelopment Potential The property spans 45,242 sq. ft. and is zoned C-1 (Commercial 1), permitting mixed-use development with ground-floor commercial and residential above. As-of-right zoning: • Up to 80% site coverage (~36,000 sq. ft. footprint) • 12 m height limit (3–4 storeys) • Apartments permitted above commercial Expanded development potential: • With Council support, massing studies indicate 4 residential floors (~132,000 gross sf) could yield 125–185 units (depending on suite size and efficiency). • A 5-storey residential scheme (~165,000 gross sf) could support ~155–230 units. • This positions the site as one of the largest mixed-use redevelopment opportunities on the Sunshine Coast. Investment Highlights Stable cash flow from existing leases (~$315,000 NOI) Redevelopment-ready with C-1 zoning in place Prominent Upper Gibsons location with strong visibility and access Scale: 45,242 sq. ft. site — one of the largest contiguous parcels in the area Future upside: Potential to create a mixed-use hub with significant new housing supply Offering Summary Asking Price: $7,980,000 Current NOI: ~$315,000 (3.95% cap) Lot Size: 45,242 sq. ft. Zoning: C-1 (Commercial 1) — mixed-use potential Future Density: Up to ~165,000 gross residential sq. ft. with amendment

Contact:

Sotheby's International Realty

Property Subtype:

Storefront

Date on Market:

2025-08-29

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Grocery and Convenience Stores for Sale in Gibsons

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