488 Gamma Avenue

For Sale | Retail | ± 1,074 SQFT | $1,698,000
Overview

Turn-Key Dental Clinic in the highly sought-after Burnaby Heights neighbourhood! 488 Gamma Avenue presents 1,074 SF of streetfront retail at the base of the mixed-use “Montage” building, constructed in 2016. The property is currently tenanted until December 31, 2028 with potential to occupy earlier [ask agent for details]. For occupiers, this presents an opportunity to enjoy an income-producing asset until it is vacated, and for investors, there is tremendous upside to negotiate higher lease rates with a new dental clinic tenant.

Turn-Key Dental Clinic with Potential to Occupy

  • Rarely available opportunity to purchase in “The Heights”
  • Floor-to-ceiling glazing with excellent signage
  • 3 parking stalls included*

*Strata parking allocation is in the process of being registered

Details
Status

For Sale

Address

488 Gamma Avenue, Burnaby,
Canada

Size

± 1,074 SQFT

Type

Retail

Price

$1,698,000

Property Taxes

$7,637.95

PID

030-127-301

Zoning

CD

Legal Description

STRATA LOT 1, PLAN EPS3581, DISTRICT LOT 122, GROUP 1, NEW WESTMINSTER LAND DISTRICT, TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1 OR V, AS APPROPRIATE

Location

Burnaby Heights is a vibrant community with a mix of renowned restaurants, specialty shops, cafes that are deeply tied to this community, while also consistently welcoming new residents and businesses as the Hastings Corridor develops. At the corner of Hastings Street and Gamma Avenue, the property is surrounded by schools, parks, and strong residential presence which are contribute to the strong business success in the Heights.

488 Gamma Avenue is highly accessible by vehicle and public transportation as Hastings is a major corridor connecting the Tri-Cities to Burnaby and to Vancouver.


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Meg Cooney
Meg Cooney

Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.