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Prime Surrey Central 0.76-acre site trades at $21 million

Shovel-ready land assembly near Surrey’s City Centre, OCP-approved for high-density, mixed-use at a 7.5 FSR and potential for 9 FSR (floor-space ratio), sold at full list price.
13511-102-ave-surrey
Gammon International Real Estate Corp., Vancouver, for Western Investor

Property type: Land assembly

Location: 13511 to 13551 102 Avenue, Surrey, B.C.

Building size: 20,000 square feet (total)

Land size: 33,112 square feet

Land size in acres: 0.76 acres (total)

Zoning: C-8

Potential: High-density, mixed-use (residential/retail/office) development.

Floor-space-ratio:  Base of 7.5 FSR under official community plan; potential for FSR 9.

List price: $21 million

Sale price: 21 million

Buyer: Marcon Developments. Vancouver

Brokerage: Gammon International Real Estate Corp., Vancouver

Broker: Stanley Chui