$4,850,000

Commercial For Sale In Langford, British Columbia

$4,850,000

Property Information:

Prime redevelopment opportunity. 28,629SF, C3 zoned on one of Langford's highest traffic-count corners; Highway 14 (Sooke Road) & Jacklin Road. Over 40 years of stable income from long term tenants. Situated in the Town Centre designated area per current Official Community Plan (OCP) and new OCP is in the works. Revised parking standards could reduce requirements given bus hubs leave in every direction here. On grade access from Rowils Cres. should result in 2 levels of underground parking to bring grade to Sooke Road with minimal blasting. Property is adjacent to abandoned gazette road currently owned by the City of Langford (not MOT). Uploaded Supplemental documents: Phase II Environmental, Income & Expense Statement, Rent Roll (tenant names redacted), and a survey with conceptual site diagram, by Westbrook Engineering (2017) produced after conversation/meetings with City of Langford. Additional documentation will be provided upon execution of a Confidentiality Agreement.

Property Features:

  • Annual Tax Amount: $30,757
  • Floor Space (approx): 5520 Square Feet
  • Lot Frontage: 28749.6 Square Feet
  • Lot Size: 0.66 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Retail

Courtesy of: MARCUS & MILLICHAP REIS

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