Original Opportunity: ±13,440 SQFT (0.31 Acre) Gross Site Area SOLD To: Mission Community Skills Centre Society Resulting Community Amenity: “Fraser Valley Artisans Food Hub” Downtown Abbotsford Investment & Redevelopment Opportunity The space is currently used as offices and an assembly hall. However, the space could be utilized for a variety of other purposes, which may prove more profitable. Under the C-5 zoning, permitted uses include restaurants, pubs, animal hospitals, child care centre, civic uses, retail, indoor recreation facility and many more. This is the perfect asset to cash-flow and eventually redevelop. REDEVELOPMENT VALUE – The 84 ft x 160 ft lot is prime for redevelopment and is currently zoned C-5 (City Centre Commercial). Under the current zoning with a 2.5 FSR, the site can be redeveloped with 33,600 buildable square feet (BSF). Furthermore, the zoning permits up to 6 storeys and 95% lot coverage. INVESTMENT VALUE – In addition to redevelopment value, the subject site provides a savvy investor with the opportunity to lease out the large 6,374 square foot space for a rate in the neighbourhood of $12/SF base rent (as comparables demonstrated). Bring your creative ideas to maximize space and value to increase potential net operating income.
"Ari, thanks for your tireless, very professional and attentive efforts to get the best sale contract for our home! You are very knowledgeable and worked well with us to develop strategies to enhance value, always discussing the pros and cons of the alternative approaches. We think you provided outstanding service and we would highly recommend you to anyone considering the sale of their property to potential developers."
- Gordon and Shelley Hamill, Homeowners
