Fully Leased Retail Strip Mall – The Malcom Centre

1505-1517 56 St, Delta, BC V4L 2A9
1505-1517 56th Street
6,229  SF
$ 4,500,000.00



1505-1517 56 St, Delta, BC V4L 2A9
Neighborhood: Tsawwassen


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


Price: $ 4,500,000.00
Property Size: 6,229
Lot Size: 16,502
Property Type: Investment, Retail
Property Status: For Sale
Zoning: C1 (Core Commercial)
Net Operating Income: Contact listing agent
Property Taxes: $33,404 (2023)