1505-1517 - 1505 56 Street, Delta, BC
6,229 ft²Retail$4,500,000Sale
Lee & Associates is pleased to present the opportunity to acquire a fully leased retail strip mall with prominent exposure along 56th Street. The property offers a great opportunity for rental income appreciation with rezoning and long-term redevelopment potential. Investment Highlights: Long-term redevelopment potential Below market retail rental rates, upside on potential lease renewals All short-term leases in place 100% leased well-maintained property High exposure location provides potential for increased density Favorable C1 Core Commercial zoning in the City of Tsawwassen’s retail neighbourhood Highly sought-after surrounding amenities Ample on-site parking
The Property is a freestanding building designed to present as a commercial strip mall with prime exposure to 56th Street. The adjacent site to the north has prominent tenants such as Dairy Queen and 7-Eleven as well as a mix of other local, regional and national tenants.