3,868 square feet of rentable area on a 10,644 square foot lot with high-exposure frontage along Dewdney Trunk Road, one of Maple Ridge’s primary commercial corridors. Designated Town Centre Commercial under the Official Community Plan, the site is positioned for high-density, mixed-use redevelopment with tower forms envisioned up to 25 storeys. Upcoming vacancy of the 1,147 square foot unit (plus back building of 777 square feet) creates a prime owner-user opportunity …beginning in 2026 or the ability to re-lease at market rates to add value. In the near term, the building provides strong income security, with two of the three units fully leased and recently renewed, resulting in a weighted average lease expiry (WALE) of approximately 4.5 years between the two tenants.
Listed by Marcus & Millichap.