Property
Type, style and structure
- Type
- commercial
- Style
- retail / Retail
Property Snapshot
Key details for this listing
MLS #C8079456
Costs
Price, taxes and monthly charges
- List Price
- $3,399,000
- Taxes
- $46,861 (2025)
- Days on Market
- 138
- Status
- Active
Description
Rarely does an opportunity arise to acquire over 200 feet of high-exposure retail frontage on the most active block of Marine Drive in White Rock. This 6,727 SF mixed-retail asset consists of five demised units within a single strata lot and offers investors a strong in-place return f approximately 5% with significant near-term upside. Rental growth can be achieved through lease-up of the vacant unit, scheduled rent increases, and forthcoming lease renewals. Situated in one of Metro Vancouver's most desirable waterfront communities, this value-add investment is attractively priced relative to its $4,603,000 assessed value. (id:60351)
Full Listing Details
Address14881 MARINE DRIVE
MLS#C8079456
Listing StatusActive
Property TypeCommercial
Sub-TypeRetail
TransactionSale
Days on Market138
Annual Tax$46,861 (2025)
StyleRetail
CityWhite Rock
ProvinceBritish Columbia
Postal CodeV4B1C2
Annual Tax$46,861 (2025)
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