10227 KING GEORGE Boulevard – Surrey (MLS®# C8062530)

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Main Photo: 10227 KING GEORGE Boulevard - Surrey (MLS®# C8062530)
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C8062530
COURT ORDERED SALE: CBRE Limited, as set forth in the Order for Conduct of Sale, is pleased to present the unique opportunity to acquire 10227 King George Boulevard - a significant redevelopment opportunity with holding income, only steps away from Surrey Central Skytrain Station. Permitted density on the Site under the current zoning designation (C-8) is 7.5 x FSR, however the owners have submitted an application to rezone the Site from C-8 (Community Commercial) to CD (Comprehensive Development) zoning, with proposed plans to develop a 679-ft., 746-unit residential tower with a seven-storey commercial podium and an eight-storey residential podium, for a total of 10.9 x FSR. The rezoning successfully achieved Third Reading in January 2023. The Property is currently improved with a 30,400 SF retail plaza, providing stable holding income in the meantime.
Total Floor Area:
30,403 sq. ft.
Lot Area:
1.56 acre(s)
Land Use/Zoning:
C8
  • Photo 1: 10227 KING GEORGE Boulevard - Surrey (MLS®# C8062530)
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Listed by CBRE Limited
Data was last updated November 21, 2024 at 08:10 AM (UTC)
Rod Friesen & Associates
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