Freestanding Retail Building in North Burnaby with Redevelopment Potential

Description

Address

4071 Hastings St, Burnaby, BC V5C 2J1, Canada

Opportunity

To obtain a prime freehold asset currently occupied as a hair salon and convenience store that can be retained as an investment property. Developed as multi-family 4 story development in conjunction with the neighbor or occupied as an owner user.

Location and Redevelopment

4071 Hastings Street is situated in a rapidly developing area just steps from the busy intersection of Hastings and Gilmore. Many new mixed-use developments have recently been constructed which have re-shaped the streetscape of this vital and desirable area. Future development will allow for mixed-use commercial on the property including retail, office, and residential. This is a similar format to the recently completed mixed-use developments west of Willingdon.

Features

• Excellent exposure and visibility
• Prominent signage
• High traffic counts
• Strong demographics
• Lane access
• On-site parking
• Can accommodate two tenants