Commercial Real Estate in Victoria available for sale
6

Retail Buildings for Sale in Victoria

Victoria Retail Building for Sale

More details for 707 Courtney St, Victoria, BC - Multifamily for Sale

The Falls - 707 Courtney St

Victoria, BC V8W 0A9

  • Retail for Sale
  • $4,810,000 CAD
  • 6,417 SF
  • 1 Unit Available
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More details for 3194 Jacklin Rd, Victoria, BC - Retail for Sale

3194 Jacklin Rd

Victoria, BC V9B 5J9

  • Retail for Sale
  • $4,850,000 CAD
  • 5,358 SF

Victoria Retail for Sale

Significant redevelopment opportunity. 28,629 SF C3 zoned – District Commercial, on one of Langford’s highest traffic-count corners; Highway 14 (Sooke Road ) & Jacklin Road. Over 40 years of stable income with long term tenants. New Official Community Plan in the works for revised parking standards that could reduce required parking. Lower grade access from Rowils Cres. should result in two levels of underground parking, with minimal blasting & digging required. Supplemental documents include a Phase II Environmental Report, Income & Expense Statement, Rent Roll (tenant names redacted), and a survey with conceptual site discussion diagram, by Westbrook Engineering (2017) produced after conversation/meetings with City of Langford. Close proximity to Glen Lake and renowned Galloping Goose Trail, this asset is strategically positioned for developers to benefit from lake views and unmatched connectivity. City of Langford is underway on a new Official Community Plan and advises that the site would likely meet criteria, given bus hubs in all directions, for a reduced parking requirement. Location and area supporting high density mixed use development. This potential is highlighted by the upcoming project at 2826 Jacklin Road, a multi-unit tower featuring 80 condos & 3 commercial units. This site benefits from excellent visibility ( over 21,000 vehicles passing daily). Langford has recently been recognized as one of the top 10 most resilient cities in British Columbia (2023) and has earned the title of Most Economically Resilient City in the province for 2 consecutive years (2020 & 2021). Additional documentation will be provided upon execution of a Confidentiality Agreement by interested purchasers. Please call Listing Agents for all showings.

Contact:

Marcus & Millichap

Property Subtype:

Convenience

Date on Market:

2024-11-27

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More details for 491-495 Dupplin Rd, Saanich, BC - Retail for Sale

491-495 Dupplin Rd

Saanich, BC V8Z 1B8

  • Retail for Sale
  • $2,950,000 CAD
  • 10,700 SF
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More details for 1101-1109 Fort St, Victoria, BC - Multifamily for Sale

Black and White - 1101-1109 Fort St

Victoria, BC V8V 3K9

  • Retail for Sale
  • 1,144 - 2,385 SF
  • 5 Units Available
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Retail Buildings for Sale in Victoria

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How many retail buildings are available for sale in Victoria?
There are currently 10 retail buildings available for sale in Victoria, offering a unique opportunity for businesses to establish a presence.
How big are the retail buildings available for sale in Victoria?
The average size of retail buildings available for sale in Victoria is about 3,530 SF. The largest retail buildings available to buy is 10,700 SF and the smallest is 1,144 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for retail buildings in Victoria?
The average market cap rate for retail buildings for sale is about 3.07% based on data provided in Victoria. Learn more about how cap rates are calculated.