10227 KING GEORGE Boulevard
Whalley
Surrey
V3T 2W6
$50,800,000
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- C8062530
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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.2,825 m2
- Lot Area:
- 1.56 acre(s)0.63 hectare(s)
- Land Use/Zoning:
- C8
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Listed by CBRE Limited
Data was last updated November 21, 2024 at 08:10 AM (UTC)
- Rod Friesen & Associates
- Century 21 Creekside Realty LTD
- 604-866-5585
- Contact by Email
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