|Commercial Lease Details||
|Land Size||11,138 sqft|
|Commercial Space||5,629 sqft|
|Upper Unit 1||1,796 sqft|
|Upper Unit 2||1,796 sqft|
Seize the opportunity with this exceptional property located within yards of the planned new rapid transit station. Boasting a 'Transit Oriented Core' designation, it holds significant upside potential for growth. The solid, well-built building features ample secured parking off the rear lane, making it an ideal choice for a business owner to operate from before considering redevelopment.
For potential buyers, there's the option to generate revenue while planning for the future. The property currently includes two 3-bed residential suites with spacious decks. Additionally, the commercial tenant is moving out, leaving the space vacant and ready for owner occupancy. Alternatively, the property can be easily leased out at a rate of $21.00/SF triple net, offering an estimated net income of approximately $142,000 per year.
If leasing better suits your needs, this property remains a prime choice. Situated in the Langley Downtown Core and conveniently close to the planned Rapid Transit Station, it offers both front and back parking options, complete with secured fencing at the rear for any storage requirements. The current commercial tenants are expected to vacate by September 2023, making this property an attractive and versatile space for your business aspirations.
Whether you're looking to invest in ownership or explore leasing opportunities, this property provides the perfect canvas for your plans. Don't miss out on harnessing its potential – act now!