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Development Site in Sale

625 Fifth Ave & 513 Seventh Street

$ 18,900,000
625 Fifth Ave & 513 Seventh Street, Uptown District,
New Westminster, British Columbia, V3M 1X4, Canada
for sale
34,696 ft2
for sale
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Overview

William Wright Commercial is pleased to offer 100% interest in a rare value add and development opportunity in the booming New Westminster market. A full city block, this +/- 34,696 SQFT site improved with a +/- 51,122 SQFT building, the New Westminster Professional Building, plus 56 surface parking stalls offers a great revenue income property plus the prospect of a future mixed use development of over +/- 104,000 of buildable SQFT. The sale also includes the rights to +/- 76 underground parking stalls revenue and expenses located in the neighbouring tower.

 

Proposed Development

The proposed project at 5.2 FSA and +/- 104,000 SQFT of buildable fits the Uptown New Westminster OCP designated for Multi Family Residential – High Rise. This development brings commercial/retail space to Belmont Street and ground-oriented residential to Seventh Avenue, with a comprehensive mix of family homes above.

Documents
Address: 625 Fifth Ave & 513 Seventh Street, Uptown District
State/County:
Zip: V3M 1X4
Country: Canada
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Price: $ 18,900,000
Lot Size: 34,696 ft2

Will Hall

Team Leader
Vancouver Office, 430-605 Robson Street, Vancouver, BC V6B 0H3
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