INVESTMENT PROPERTY. Possible HIGH DENSITY Residential/mixed use DEVELOPMENT POTENTIAL with an FAR of 5.2 IN Downtown New Westminster Lot size: 8712 sq.ft with an FAR of 5.2 (45,302 sq.ft buildable). Ideal assembly with adjacent properties. POSSIBLE SALE-LEASEBACK opportunity with an established 30 year old restaurant business. Land & building sale separate from business.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Business with Property, Land Commercial
Commercial Type:
Food & Beverage
Business Name:
CONFIDENTIAL
Business Type:
Food & Beverage, Restaurant
Business Established Year:
1993
Construction:
Frame Wood, Other
Num Storeys:
3
Building Type:
Freestanding, Street-Level Storefront
Year built:
1990
(Age: 35)
Living Area:
6,022 sq. ft.559 m2
Subject Property Width:
66'20.1 m
Mezzanine Size:
900 sq. ft.83.6 m2
Lot Area:
8,712 sq. ft.809 m2
Acres Freehold:
0 sq. ft.0 m2
Potential to Redevelop:
Potential Hi-density residential (mixed use). Lot 66 x 132, No
Parking:
Guest
Cooling:
Central Air, Forced Air, Air Conditioning
Electricity:
Yes
Services Connected:
Electricity Connected, City Water at Lot Line
Sewer:
Public Sewer
Parcel Number:
006176704
Taxes:
$42,666.32 /
2024
Elevator Passenger, Storefront, Washrooms Female/Male
No
Cooler, Freezer
Security System
Yes
# Elevators:
1
Water Supply:
Public, City Water at Lot Line
Water Rights:
No
Potential to Redevelop:
Potential Hi-density residential (mixed use). Lot 66 x 132, No
Env Assmt Phase:
No
Dining space featuring ceiling fan, wood finished floors, wood ceiling, beamed ceiling, and high vaulted ceiling
Dining space featuring a ceiling fan, baseboards, and high vaulted ceiling
View of property
Kitchen featuring wall chimney range hood, light tile patterned floors, and wooden counters
Community bar area featuring tile patterned floors
Kitchen featuring healthy amount of natural light and dark countertops
Dining area with wood finished floors and a community bar