Historical Retail Sale Listing - Houtan Building

Retail For Sale

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Houtan Building

11994 224th Street, Maple Ridge, BC V2X6B3, CA

N/A

3,769 SF | Retail

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Great Street Exposure on 224th Street

Retail Property - Off Market

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

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.

Map of 11994 224th Street, Maple Ridge, BC V2X6B3, CA

Created 8/1/2013