Prime redevelopment opportunity in Upper Gibsons! This 0.38 property is zoned CM-2 (Mixed-Use Commercial Upper Gibsons ZOne) which allows for a multitude of uses including retail, restaurant, microbrewery and mixed use/multifamily development. In addition to ground floor commercial space, the property as-is supports up to 23 residential units and further may be possible. With excellent exposure to both local and highway through-traffic, this centrally located, transit-orie…nted 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.