2918 GLEN DRIVE, MLS # C8031663, Coquitlam Land Commercial For Sale

2918 GLEN DRIVE, Coquitlam, British Columbia, Canada, V3B2P5

$46,000,000.00

PROPERTY INFORMATION

Business Type:
Land Commercial
Property Type:
Land Commercial
Industrial Area:
0
Age:
1979
Financial Statement:
No
Freestanding:
No
Water:
Municipal

Remarks

Coquitlam Square in the heart of Coquitlam Centre - High-rise Site up to 6 FSR potential. Current improvements consists of 2 retails/office buildings with excellent holding income. The Lands development potential to its highest and best use provides a prime opportunity to work with the City to maximize density. The existing Official Community Plan (OCP) designates the land as General commercial, C-2 a zone designated to accommodate shopping centres and lower densities. Discussions with City planners in January 2020, there is a draft OCP plan being considered that accommodates higher mixed use densities due to the recent Evergreen line expansions and rapid transit stations. Given the upcoming proposed changes to City Centre Commercial zone indicated in the draft revised OCP , it is envisioned that the subject property will benefit from this up-zoning to a minimum C-4 zoning designation.

Extra Info: Handicap Access/Facil,Storefront

Brokered By: HQ Commercial