22195 Dewdney Trunk Road, West Central, Maple Ridge

$6,400,000 |   MLS® Number  C8057547

Commercial Land for sale in West Central, Maple Ridge, Maple Ridge, 22195 Dewdney Trunk Road, 224962616 | Realtylink.org

Commercial Land for sale

Year Built
1974
Lot Size
20,282 sqft
Gross Property Tax
$32,767.68 /year
Building Type
Office Building
Zoning
C-3
Amenities
Air Conditioning
Permitted Land Use
Mixed Use
Water Supply
Municipal
Sewer/Septic
Municipal/Community

Presenting an exceptional opportunity for investors and developers, this property offers over 27,700 square feet of prime re-development land. The highest & best use envisions a one-level commercial/retail space accompanied by the potential for 5 levels of wood-frame residential apartments, all topped off with convenient underground parking. Currently operating as a medical building, the property yields an impressive $200,000 Net Operating Income (NOI) annually, with a modest 40% lot coverage. Positioned at the high-visibility corner of 222nd & Dewdney Trunk Road, this location experiences substantial foot & vehicle traffic, enhancing its commercial viability. The property is currently tenanted with solid leases, each extending for five years, contributing to a reliable and diverse tenant mix. Whether considered as a robust revenue-holding asset or a prime candidate for immediate redevelopment, this offering promises an exciting venture in a thriving and strategic locale. Must be purchased with R2849049