Commercial Land for sale
11403 240 Street, Cottonwood MR, Maple Ridge
$3,388,888
Features
Year Built
Old Timer
Lot Size
50,094 sqft
Gross Property Tax
$9,651.81 /year
Zoning
RS-3
Subject Property Width
140 ft
Permitted Land Use
Multifamily (5+), Residential
Water Supply
Municipal
Sewer/Septic
Municipal/Community
Description
TOWNHOUSE SITE! This exceptional townhouse development site presents a prime opportunity in the coveted Cottonwood Development Area, boasting a substantial 1.15-acre parcel with a potential yield of 18 units. Situated amidst the burgeoning landscape of new homes, this future development property offers a partially unfinished basement ideal for utility and laundry purposes. The property features a detached 30x42 garage/workshop, fully insulated and accommodating 8 or more cars, along with an old-time double carport. The mostly level land is gated with an impressive 140-foot frontage onto 240th, providing accessibility and visibility. Whether for immediate occupancy, rental income, or strategic development in the future, this versatile and well-located property offers a range of possibilities for the discerning investor or developer.
MLS® Number C8056812