This Retail Property is Off-Market.

11994 224th Street
Maple Ridge, BC V2X6B3 ·

3,769 SF · Retail For Sale

N/A

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Houtan Building

Price N/A Cap Rate 4.60%
Gross Leasable Area 3,769 SF No. Stories 2
Property Type Retail Tenancy Multiple
Property Sub-type Community Center Year Built 1947
Property Use Type Net Lease Investment with less than 1 year left on lease Lot Size 4,324 SF
Listing ID: 18292240 Date Created: 08/01/2013 Last Updated: 02/17/2014

Description

This mixed use retail down and residential up is fully occupied with stable tenants. Two commercial retails units plus a warehouse unit on the ground floor; and a second floor 2 bedroom residential unit provides a good income to the owner. Retail exposure is on busy and recently upgraded 224th St. Access from Dewdney Trunk for the warehouse has potential to add some additional retail space on DTR.

Invest in the Downtown Core of vibrant Maple Ridge. This versatile building is just steps from City Hall and Memorial Peace Park - the location of numerous festivals and public gatherings all year round. Bonus is the excellent redevelopment potential for this property. This property is at the heart of Maple Ridge and there is strong support from local government and the development community to see modernization and growth.

Research

11994 224th Street, Maple Ridge, BC V2X6B3

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