Commercial Land for sale
771 Gibsons Way, Gibsons & Area, Gibsons
$7,990,000
$7,990,000
Commercial Land for sale
771 Gibsons Way, Gibsons & Area, Gibsons
Features
Year Built
1986
Lot Size
45,242 sqft
Gross Property Tax
$57,759.49 /year
Building Type
Freestanding, Shopping Centre
Building / Complex Name
Kern's Plaza
Zoning
C1 UPPER GIBSONS COM
Permitted Land Use
Mixed Use, Multifamily (5+)
Water Supply
Municipal
Sewer/Septic
Municipal/Community
Description
Incredible investment potential! This landmark shopping plaza boasts 21,117 sq ft of retail/office space, strategically located on a prime corner lot in Gibsons. With long-term tenants, including the Salvation Army, stability is assured. Zoned as C1 Upper Gibsons Commercial, it allows for mixed-use development with the potential for up to 26,000 sq ft of retail/office space and and 36,000 sq ft per floor of residential for two floors. Recent approvals of similar properties signal potential to expand up to six floors. The location of this property ensures incredible views from all levels of the residential units. Hold for solid rental income while unlocking the full development potential of this strategic property. Phase 1 Environmental complete. Call today for a full information package.
MLS® Number C8059672