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Fully Leased Retail Strip Mall – The Malcom Centre

1505 56 St, Delta, BC V4L 2A9, Canada

6,229 SF

$4,800,000.00
  • Description
  • Address
  • Details
  • Features

Description

Opportunity

Lee & Associates is pleased to present the opportunity to acquire a fully leased retail strip mall with prominent exposure along 56th Street. The property offers a great opportunity for rental income appreciation with rezoning and long-term redevelopment potential.

Investment Highlights

  • Long-term redevelopment potential
  • Below market retail rental rates, upside on potential lease renewals
  • All short-term leases in place
  • 100% leased well-maintained property
  • High exposure location provides potential for increased density
  • Favorable C1 Core Commercial zoning in the City of Tsawwassen’s retail neighbourhood
  • Highly sought-after surrounding amenities
  • Ample on-site parking

Download Documents

  • Address: 1505-1517 56th Street
  • City: Delta
  • Province: British Columbia
  • Postal Code: V4L 2A9
  • Country: Canada
  • Neighborhood: Tsawwassen

Details

  • Property Size: 6,229 SF
  • Land Area: 16,502.00 SF
  • Property Type: Retail, Investment
  • Property Status: For Sale

Additional Details

  • Zoning: C1 (Core Commercial)
  • Net Operating Income: $107,652 per annum (approximate)
  • Property Taxes: $35,852.76 (2022)