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6401 KINGSWAY
Highgate Burnaby V5E 1E1

$12,800,000
Land Commercial, Retail

Main Photo: 6401 KINGSWAY in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8047859
Status:
Active
Prop. Type:
Land Commercial, Retail
MLS® Num:
C8047859
0.75 acre site with 200 ft. of frontage along Kingsway and well-positioned for future mixeduse development. The Subject Property is reportedly expected to be amalgamated into the Edmonds Town Centre Plan which is outlined to provide a mix of housing types to support the growing population base. Sizable building at over 10,000 SF with nearterm lease expiries also providing opportunity for owner-users. The Subject Property benefits from considerable holding income with escalations, and secured by two restaurant tenants, both operating on NNN leases until August 2028. Located in the heart of a transit-oriented neighbourhood, the offering is surrounded by retail amenities, schools, parks and more, and benefits from its frontage along Kingsway with exposure to over 37,000 VPD. Located halfway between Royal Oak and Edmonds Skytrain Stations, both are within a 20 minute walk or five minute drive from the Subject Property
Sale Type:
Asset
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# Other Units:
Lot Area:
32,388 sq. ft.
Land Use/Zoning:
C4 SRVCE CMRCL
Permitted Use:
Other
Taxes:
$66,336.39 / 2022
Roof:
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Gross Income:
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  • Photo 1: 6401 KINGSWAY in Burnaby: Highgate Land Commercial for sale (Burnaby South)  : MLS®# C8047859
    Photo 1 of 1
Listed by Marcus & Millichap
Data was last updated December 4, 2022 at 12:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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