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Redevelopment potential drives Coquitlam strip centre sale

Corner site has zoning in place for high-density development
With high-density mixed-use zoning in place, 1101 Austin Avenue, Coquitlam, sold Apr. 22 for nearly $6.8 million.

DEAL | Colliers has brokered the sale of 1101 Austin Avenue, an 11,559-square-foot retail strip centre in West Coquitlam. The property enjoys strong in-place income from existing tenants, selling April 22 for nearly $6.8 million. The 22,836-square-foot corner site with is approved for high-density development under its C-5 Mixed-Use zoning.

PRICE | $6,775,000

FROM | Casey Weeks and Morgan Iannone, Colliers