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71 Av 1.72 Acres of Commercial Land Offered at $5,369,219 USD in Langley, BC V2Y 0C5

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INVESTMENT HIGHLIGHTS

  • Prime location near the fast-growing municipalities of Surrey and Langley.
  • An excellent infill development opportunity at the corner of 72nd Avenue and 198A Street.
  • Offers a range of redevelopment options.

EXECUTIVE SUMMARY

Cushman & Wakefield ULC (“C&W”) is pleased to offer an excellent infill development opportunity at the corner of 72nd Avenue and 198A Street. This 1.72-acre rectangular parcel benefits from its prime location near the fast-growing municipalities of Surrey and Langley. Langley is poised for significant growth with the upcoming SkyTrain extension, enhancing transit access to Vancouver and surrounding areas. Located within the 200th Street Corridor, a major transit hub, the property is part of the 2040 corridor plan, with potential for Light Rapid Transit (LRT) and Bus Rapid Transit (BRT). The property is currently unimproved, with no latecomer charges. Under the proposed 200th Street Plan, this parcel offers a range of redevelopment options. The Township envisions commercial frontage along 72nd Avenue, and the site falls within a Transit-Oriented Development (TOD) zone, as per provincial regulations.

ATTACHMENTS

Brochure

PROPERTY FACTS Under Contract

Price $5,369,219 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 1.72 AC
Cross Streets 198A St

1 LOT AVAILABLE

Lot

Price $5,369,219 USD
Price Per AC $3,121,638.79 USD
Lot Size 1.72 AC

1.72-acre rectangular parcel

DESCRIPTION

Situated in the Township of Langley, near Langley City, the Subject Property offers a prime development opportunity close to key amenities such as Willowbrook Shopping Centre, RioCan Power Centre, and numerous retail hubs along the 200 Street corridor and Langley Bypass. Langley’s population is projected to reach 200,000 by 2040, driving growth in jobs and businesses. The property falls under the 200th Street Corridor Plan, designated as “infill” within The Commons—a mixed-use, multigenerational village that fosters community through parks, plazas, and facilities like a seniors’ center and daycare.

  • Listing ID: 34256137

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: 71 Av, Langley, BC V2Y 0C5

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