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18601 Lougheed Hwy Pitt Meadows, British Columbia V3Y 2J6

$2,650,000

7765 sqft

SOLD

C-1 Zoning 1.95 acres commercial land with 2 free-standing buildings along the Lougheed Highway. Fantastic exposure for any business owner. The property is conveniently located close to Port Coquitlam, Coquitlam, and Maple Ridge. Building 1 consists of 1,834 SF on the main floor and 646 SF office area on the second floor for a total of 2,480 SF. Furthermore the building offers a second floor deck consisting of 612 SF. Building 2 consists of 5,285 SF on one floor. 5 POTENTIAL REVENUE STREAMS Currently the site is occupied by 5 tenants. 4 tenants occupy the 2 buildings and the 5th occupying the exterior yard space. • Unit 1 is rented for $500/month plus utilities & septic tank management. The lease is on a month to month basis. Building 1 (781 SF) • Unit 2 is Vacant (lease value $3,500/month) plus utilities & septic tank management. Building 1 (1,862 SF) • Unit 3 is rented for $4,500/month plus utilities & septic tank management. The lease is on a month to month basis. Building 2 (4,001 SF) • Unit 4 is rented for $2,000/month plus utilities & septic tank management. The lease expires March 31 2022. Building 2 (1.283 SF) • Yard space is rented for $3,000/month plus septic tank management. The lease is on a month to month basis. Great property for user or investor. Potential gross rent $162,000 per year. The usable land is 1.4 acres on this site due to a slough in the rear of the property.

Property Details

RP Number RP7194587460
Property Type Industrial
Community Name Lougheed HWY Commercial Land
Amenities Near By Highway, Airport, Shopping
Community Features Industrial Park
Features Private Setting, Highway Exposure, Multi-tenanted Building, Convinient Highway Location, Steady Cash Flow
Parking Space Total 15
View Type View Of Water, Mountain View

Building

Amenities Storefront, Balconies, Secured Parking, Secured Site
Roof Material Tar & Gravel
Size Interior 7765 Sqft
Type Commercial Mix
Utility Power Three Phase, 200 Amp Service
Utility Water Municipal Water, Septic Tank

Land

Access Type Highway Access, Easy Access, Road Access, Year-round Access
Fence Total 2
Fence Type Fence
Land Amenities Airport, Highway
Size Total Text 2 Acres
Zoning Description C-1
Zoning Type Commercial Highway

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