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- LoopNet Team
4125 Hastings St
Burnaby, BC V5C 2J1
Retail Property For Sale
PROPERTY FACTS
ABOUT 4125 HASTINGS ST , BURNABY, BC V5C 2J1
- The Subject Property is an excellent mixed-use development site situated in the increasingly popular Burnaby Heights neighbourhood. Existing in-place holding income also provides further attraction to developers to help alleviate holding costs associated with financing and the municipal permitting and approvals process. - Large urban development opportunity located within the focal point of the Burnaby Heights Urban Village within the Hastings Street Corridor, an area identified as a priority for revitalization. - Liquor store on site creates an excellent draw for retail uses at the Subject Property in addition to a wide mix of existing retailers and amenities in the area. - Potential to build up to 102,465 square feet upon rezoning, as well as additional density should the public lane be acquired from the City of Burnaby. - Demolition clauses contained in the commercial leases support redevelopment plans in the near to mid-term horizons. - Active development in the immediate area of Hastings Street and North Burnaby is reflective of the demand for new-build, mixed-use projects.
