Redevelopment opportunity in Upper Gibsons! This 0.38 property is currently zoned PI-2 – Public Institutional Upper Gibsons Zone, which allows for multifamily rental development with a height of up to 20m, potentially supporting over 30 units as well as, office, arts and culture, and medical uses. With excellent exposure to both local and highway through-traffic, this centrally located, transit-oriented property offers significant potential. As well, the existing building, …while older, is leasable and is currently operated as a retail store. With approx. 3,600sf of ground floor retail space plus a second floor offering storage space and a possible residential suite, there is the potential for strong holding income while solidifying your development plan!
Listed by RE/MAX Oceanview Realty.