Retail for sale
14881 Marine Drive, White Rock
$3,800,000
Features
Year Built
1972
Floor Area
6,727 sqft
Gross Property Tax
$46,860.70 /year
Building / Complex Name
Driftwood Arms
Zoning
CR-3
Description
Rarely does an opportunity arise to acquire over 200 feet of high-exposure retail frontage on the most active block of Marine Drive in White Rock. This 6,727 SF mixed-retail asset consists of five demised units within a single strata lot and offers investors a strong in-place return f approximately 5% with significant near-term upside. Rental growth can be achieved through lease-up of the vacant unit, scheduled rent increases, and forthcoming lease renewals. Situated in one of Metro Vancouver's most desirable waterfront communities, this value-add investment is attractively priced relative to its $4,603,000 assessed value.
MLS® Number C8079456