Westside development site fetches $16.5 million
The property is within the perimeters of the Cambie Corridor Phase 3 plan
Copyright © Western Investor
Lot Size: 18,480 SF
Property Type: Land
Date of Sale: 04/18/2017
Name of Brokerage: HQ Commercial
A Westside development site has sold for $16.5 million, HQ Commercial reports.
The mixed-use land allows for a FSR of 2.5 and a potential for 46,200 square feet of buildable area. The site is situated within the borders of the Cambie Corridor Phase 3 plan, currently under review. The property is zoned C-1 for commercial development and priced at $357 per buildable square foot.
The site is located at the corner of W 42nd Avenue and Oak Street, at 5763-5775 Oak St., Vancouver.
Do you have a Done Deal you'd like to promote? Submit here for a free posting!