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Last remaining raw land in Abbotsford sold for $705K per acre

The 5-acre property is considered to be one of the few pieces of undeveloped land left in the area
foy street land
The industrial-designated land is located on Foy Street in west Abbotsford.
Price: $3,525,000
Lot Size: 5 acres
Price/Acre: $705,000
Property Type: Land
Zoning: I-2
2016 B.C. Assessment Value: $1,342,000
City: Abbotsford 
Province: B.C. 
Name of Brokerage: Frontline Real Estate Services Ltd. 
Five acres of raw, undeveloped land in Abbotsford has sold for $705,000 per acre, Kyle Dodman of Frontline Real Estate tells Western Investor
The raw, non-zoned, non-serviced designated industrial land is situated in the Clearbrook industrial area and is said to be one of the last remaining pieces of raw land in west Abbotsford. The land sold for more than double its most-recent assessed value. The deal was completed in cooperation with Paul Penner of Re/Max Little Oak Realty. 
The property is located at 1891 Foy St., Abbotsford. 

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