Property Information:
Presenting an extraordinary investment prospect in Coquitlam: a Small Scale commercial Neighbourhood Strip, fully leased to three commercial tenants, including a highly sought-after day-care facility. Situated mere steps from the tranquil Coquitlam Town Centre Park and conveniently close to Lafarge Lake and SkyTrain access, this property offers both strategic positioning and natural beauty.
With a building spanning approximately 6,065 square feet and occupying a generous lot of approximately 14,778 square feet (equivalent to 0.34 acres), this offering yields a solid 4.1% Cap Rate.
Under existing C-1 zoning, there's substantial potential for future development, with the opportunity to build up to 1.05 FSR (15,517 square feet buildable area), potentially for a future townhouse development.
The property underwent extensive renovations and enhancements in 2020, resulting in a contemporary freestanding structure with modern indoor and outdoor day-care facilities.
In addition to its attractive features, the property offers 14 surface parking stalls on-site, alongside ample street parking for added convenience.
