Freestanding Retail Building in North Burnaby with Redevelopment Potential
4071 Hastings St, Burnaby, BC V5C 2J1, Canada
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
Property Details
| Property Status | Sold |
| Property Type | Development, Retail |
| Property Size | 1,938 SF |
| Lot Size | 4,148 SF |
| Price | SOLD |
| Zoning | C8 |
| Property Taxes (2020) | $14,459.35 |
