Two-story commercial building featuring a flat roof and multiple storefronts

$7,200,000

5501 Kingsway, Burnaby, BC V5H 2G3

MLS® C8081861

Description

CBRE Limited is pleased to present the opportunity to acquire 5501 Kingsway and 6582 Denbigh Avenue(collectively the "Properties"). The offering represents a rare opportunity to acquire a well maintained low-rise building built and owned by the original owner. Fully leased to stable service-based businesses, 5501 Kingsway is competitively positioned in the trade area featuring ample signage opportunities, corner visibility and curb appeal, and a rare mix of secured underground parking & easily accessible surface parking stalls. The Properties are comprised of 2 legal parcels. 5501 Kingsway is improved by a 2-storey office building with underground parking. 6582 Denbigh Avenue is an above ground parking lot featuring 17 stalls. Furthermore, the Properties benefit from the optionality of redevelopment: the City of Burnaby has designated the properties in their OCP.

Property

Property type

Land

Ownership

Freehold

Levels

2

Lot and parking

Lot size

17,859.6 sq ft

Parking spaces

44

Costs

Annual property tax

$66,566

Tax year

2,025

Location

Area

Burnaby South

Neighbourhood

Forest Glen BS

Waterfront

No