An industrial lot in Abbotsford has sold for $928,000, Frontline Real Estate Services reports.
The 0.74-acre site is serviced and zoned I2 for general industrial. The property is development-ready, allowing for the purchaser to start construction as early as summer 2017. The purchaser is an end user who will be building a customer facility on the lot. The site is part of a new industrial subdivision and boasts frontage on both Peardonville Road and Iron Mills Court. Serviced lots in this area were listed for $1.2 million per acre.
The property is located in the new Peardonville industrial subdivision, at 2121 Peardonville Rd., Abbotsford.
Breakdown:
Price: $928,000
Lot Size: 0.74 acres
Property Type: Industrial
Zoning: I2
City: Abbotsford
Province: B.C.
Name of Brokerage: Frontline Real Estate Services Ltd.
