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32895 SOUTH FRASER Way in Abbotsford: Central Abbotsford Land Commercial for sale : MLS®# C8017249

32895 SOUTH FRASER Way Abbotsford V2S 2A6 : Central Abbotsford

$2,900,000
Prop. Type:
Land Commercial
MLS® Num:
C8017249
Status:
Active
Build. Type:
Low Rise (2-4 stories)
One of the best locations in Abbostford - directly across the street from Seven Oaks S. C. Fully leased to good long term tenant on a triple net basis. Carefree investment - landlord pays no expenses. 4.6% cap rate on asking price. Terrific development potential. City will strongly consider upgrading zoning to C-5. This lies within the City's commercial "core area", slated for downstream redevelopment. Great holding property.
Sale Type:
Asset
Property Type:
Land Commercial
Construction:
Concrete Block
Building Type:
Low Rise (2-4 stories)
Year built:
999 (Age: 1,019)
Total Floor Area:
Switch units of measure8,365 sq. ft.
Land Use/Zoning:
C-4
Taxes:
$30,836.9 / 2017
Visitor Parking
# Grade Doors:
4
Services Connected:
No Services
Water Supply:
Municipal
HVAC:
Space Heaters
Power Type:
Three Phase
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Listed Date:
Previous Price:
Original Price:
Listed by Macdonald Realty
Listing information last updated on June 18, 2018 at 03:08 AM (UTC)
RAJ DHALIWAL