10227 King George Boulevard, Whalley, Surrey

$50,800,000 |   MLS® Number  C8062530

Commercial Land for sale in Whalley, Surrey, North Surrey, 10227 King George Boulevard, 224967599 | Realtylink.org

Commercial Land for sale

Lot Size
67,950 sqft
Gross Property Tax
$583,013.30 /year
Zoning
C8
Permitted Land Use
Multifamily (5+), Retail
Water Supply
Municipal
Sewer/Septic
Municipal/Community
91

COURT ORDERED SALE: CBRE Limited, as set forth in the Order for Conduct of Sale, is pleased to present the unique opportunity to acquire 10227 King George Boulevard - a significant redevelopment opportunity with holding income, only steps away from Surrey Central Skytrain Station. Permitted density on the Site under the current zoning designation (C-8) is 7.5 x FSR, however the owners have submitted an application to rezone the Site from C-8 (Community Commercial) to CD (Comprehensive Development) zoning, with proposed plans to develop a 679-ft., 746-unit residential tower with a seven-storey commercial podium and an eight-storey residential podium, for a total of 10.9 x FSR. The rezoning successfully achieved Third Reading in January 2023. The Property is currently improved with a 30,400 SF retail plaza, providing stable holding income in the meantime.