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- LoopNet Team
2300-2312 Douglas St
Victoria, BC V8T 4L7
Land For Sale
·
0.37 AC
INVESTMENT HIGHLIGHTS
- Located in close proximity to the Downtown Central Business District and the proposed Innovation District
- Developing neighbourhood with significant commercial/ residential growth in immediate area
- Steps to transit, shopping, employment, and amenitie
- Corner lot and high profile frontages on Douglas Street and Oueens Street
- High demand for development land neighbouring the Downtown Core by owner occupiers and investors/ developers
- Harbour views from 2nd floor up at future development resulting from sloping typography
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.37 AC |
| Property Subtype | Commercial | ||
| Zoning | M-1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.37 AC |
| Zoning | M-1 |
DESCRIPTION
The Investment Properties Group is pleased to present the opportunity to acquire a 16,162 Sq Ft. development site along the Douglas Street corridor. The site is currently leased to a local car dealership providing holding income with flexibility to terminate the lease. The offering includes 3 parcels of land located in Rock Bay, steps to the Downtown Core. This area is a future hub for development of high-tech, office, and industrial uses at increased density as referenced in the City of Victoria’s Proposed Economic Action Plan. Demand for office and flex space is projected to remain high for the foreseeable future largely due to the city’s rapidly growing tech industry and low office vacancy.
