314 W 12th Avenue, Mount Pleasant VW, Vancouver

$3,498,000 |   MLS® Number  C8060274

Commercial Land for sale in Mount Pleasant VW, Vancouver, Vancouver West, 314 W 12th Avenue, 224965343 | Realtylink.org

Commercial Land for sale

Year Built
1944
Lot Size
6,250 sqft
Gross Property Tax
$7,293.49 /year
Zoning
RT-6
Subject Property Width
50 ft
Subject Property Depth
125 ft
Permitted Land Use
Multifamily (5+), Residential
Water Supply
Municipal
Sewer/Septic
Municipal/Community

An exceptional opportunity to acquire two consecutive 50'x125' lots located within the Broadway Corridor Plan, offering immense development potential. The properties, located at 314 West 12th & 324 West 12th Avenue are currently held as long term investment properties with outstanding tenants. Located just a block from city hall and 2 blocks from Cambie Village these A-1 located properties have excellent Development Potential: The Broadway Corridor Development Plan allows for significant redevelopment possibilities on this site. With the approval of the City of Vancouver and 150' of frontage, there is potential to construct an impressive 5.5 FSR 18-story tower spanning over 100,000 square feet with impressive views of downtown, mountains and ocean. Bluechip investment & holding properties!