A vacant development site in Langley has sold for $2.08 million, Frontline Real Estate reports.
The 1.59-acre industrial parcel is a corner site in Gloucester Industrial Estates. The mature, well-established Gloucester industrial park is the manufacturing location of choice for companies such as Weyerhaeuser Canada, Tim Hortons, Freybe Sausage and Overwaitea Foods. The property is considered to be one of the last vacant development sites in the area and is zoned M-2A for general industrial use. The site was listed for $1.76 million and sold for above asking.
The subject property is Lot B at 268 & 58 Ave., Langley.
Breakdown:
Price: $2,080,000
Lot Size: 1.59 acres
Property Type: Industrial
Zoning: M-2A
Date of Sale: 07/14/2017
City: Langley
Province: B.C.
Name of Brokerage: Frontline Real Estate Services Ltd.
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