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Fully Leased Retail Strip Mall – The Malcom Centre
1505-1517 56 St, Delta, BC V4L 2A9Description
Address
1505-1517 56 St, Delta, BC V4L 2A9
Neighborhood: Tsawwassen
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
Details
Price: $ 4,500,000.00Property Size: 6,229 SF
Lot Size: 16,502 SF
Property Type: Investment, Retail
Property Status: For Sale
Zoning: C1 (Core Commercial)
Net Operating Income: Contact listing agent
Property Taxes: $33,404 (2023)