waterfront development opportunity · 2019-03-08 · waterfront development opportunity location...
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WATERFRONT DEVELOPMENT OPPORTUNITY
LocationThe site is centrally located between the Mary Hill Bypass and the Pitt River at the west end of the Pitt River Bridge. Access to the property is off of the Mary Hill Bypass via Fremont Street. This waterfront site is a strategic link between the Mary Hill Industrial Area and the emerging Dominion Triangle/Fremont Village area to the north.
ZoningThe property is currently zoned M2 (Heavy Industrial). The property is identified as Marine Commercial in the official community plan. The Marine Commercial designation allows for a mix of marine-related and multiple-family residential uses.
Lot SizesCombined site totals approximately 9.77 acres. There’s potential to assemble an additional 2.14 acres of adjacent sites. The site also comes with a water lot lease comprising 3.317 acres of bed and foreshore of the Pitt River fronting lot 10. See chart for reference.
Tenancy750 Kingsway is tenanted until June 30, 2019. The tenant pays $15,584.00 per month NNN.
FOR SALE | HEAVY INDUSTRIAL OPPORTUNITY750 KINGSWAY AVENUEPORT COQUITLAM, BC
Chris McIntyrePersonal Real Estate CorporationD 604.630.3392 C [email protected]
Steve CaldwellPersonal Real Estate CorporationD 604.895.2224 C [email protected]
RIVERS EDGEBUSINESS PARK
Water Lot Lease
SUBJECT
FOR SALE | HEAVY INDUSTRIAL OPPORTUNITY750 KINGSWAY AVENUEPORT COQUITLAM, BC
OpportunityThis unique offering may appeal to developers, users, and investors alike. This rare waterfront site may provide an opportunity for a purchaser to utilize the site on an industrial basis and may benefit from future redevelopment upside.
EnvironmentalA full active plan is in place with COC’s and determination expected by mid-2018. Contact agents for further details.
PriceContact brokers
Fremont Village
Rivers Edge Business Park
Fremont Indigo
Area OverviewThe Tri-cities (Port Coquitlam, Coquitlam and Port Moody) is one of the Lower Mainland’s fastest growing regions with a combined population of 280,000 that is projected to reach 370,000 with the next three to four years.
Port Coquitlam is a community of more than 57,000 people. It is centrally located within the Lower Mainland with easy access to Vancouver, transit, and commuter rail links. The city offers a wide range of housing choices, quality schools, health care facilities, shopping, recreation, and art facilities. Residents have access to more than 266 hectares of park land and an extensive system of outdoor trails for cycling, hiking, and walks. The area is just south of the Dominion Triangle/Fremont Village area which houses a new mix of residential, retail, commercial, and industrial uses.
River view
TenanciesThe sites currently accommodate 2 tenants:
Log Sort Operation7.7 acres at $15,584.00 per month NNN. Expiry June 30, 2019
Trucking + Bark and Mulch SalesApprox. 2 acres at $2,568.00 per month. Month to month lease.
Water Lot LeaseThe owner has a water lot lease for 3.317 acres in front of the property on the Pitt River with the Vancouver Port Authority. The lease is a 5 year term expiring January 7, 2020, and the annual lease is presently $17,379.74 plus GST.
leevancouver.com
Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. © Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. 03/05/19.
# Address Lot Size Assessed Value (2019) Taxes (2017)
1 773 Kingsway (3 Parcels) 16,137 SF $1,219,000.00 $7,524.45
2 757 Kingsway (4 Parcels) 21,516 SF $1,626,000.00 $10,039.23
3 1703 Trenton (1 Parcel) 4,356 SF $359,000.00 $2,215.41
4 1715/1725 Fremont (2 Parcels) 8,184 SF $689,000.00 $4,251.20
5 1706/1716/1726/1736 Perkins (4 Parcels) 15,946 SF $1,356,000.00 $8,382.65
6 1746 Perkins (1 Parcel) 4,026 SF $341,000.00 $2,095.67
7 1681 Trenton (4 Parcels) 17,357 SF $1,426,000.00 $8,801.78
8 NW Corners Kingsway & Trenton (1 Parcel) 9,127 SF $1,221,000.00 $4,182.83
9 Kingsway & Trenton - West Lot (1 Parcel) 20,168 SF $751,000.00 $9,375.28
10 750 Kingsway (1 Parcel) 308,840 SF $11,082,000.00 $91,990.55
TOTAL 425,657 SF $19,381,000.00 $148,859.05
Kingsway Ave
Trenton St
Perkins St Frem
ont D
r
Mar
y Hill
Bypas
s
Fremont Connector
Lougheed Hwy
10
8
3
71 2
6
5 4
9
Lot Overview
10 Water Lot Lease
Kingsway AvePerkins St
Fremont St
Holland Ave
BC Hwy 7 / Lougheed Hwy
475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | leevancouver.com
Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. © Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. 03/05/19.
FOR SALE | HEAVY INDUSTRIAL OPPORTUNITY750 KINGSWAY AVENUEPORT COQUITLAM, BC