625 Fifth Ave & 513 Seventh Ave

$21,980,000.00
  • Price: $21,980,000.00
  • Size: +/- 34,696 SQFT
  • Type: Development Land with office building
  • Agent: Cory Wright/ Will Hall
THE OPPORTUNITY

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.

PRICE

Qualified Purchasers are invited to submit all offers on or before February 27st, 2019 at 5 pm pacific time for the Vendor's review. All offers are to be presented on the Offer form chosen by the Vendor and can be provided upon request by the Vendor's Agent.