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Coquitlam auto shop zoned for apartments sells for $5.5M

Redevelopment potential drives interest in Lougheed Hwy site
Zoned for high-density apartment construction, this freestanding auto shop at 576 Lougheed Hwy, Coquitlam, sold Feb. 18 for $5.5 million.

DEAL | William Wright Commercial completed the sale of 576 Lougheed Highway, Coquitlam, on Feb. 18. This property is a freestanding automotive building located in the hub of several upcoming development sites. The Burquitlam-Lougheed Neighbourhood plan designates the site, which totals approximately 16,876 square feet, as “High Density Apartment” with a density of 5 FAR. 

PRICE | $5,500,000

FROM | Amrita Guram and Mark Nemish, William Wright Commercial