Bishop Centre in downtown Abbotsford has sold for $6.6 million, William Wright Commercial tells Western Investor.
The building is made up of one and two storey commercial units including retail, storage and basement components. The property is divided into eight retail units, sold for approximately $825,000 per unit. The property is situated on a 25,300-square-foot lot, with top two retail floors comprised of 26,546 square feet, plus a useable unfinished basement area of 9,808 square feet and a 3,120 square foot outdoor covered storage area.
The property is located at 2536 Montrose Ave., Abbotsford.
Breakdown:
Price: $6,600,000
No. of Units: 8
Price/Unit: $825,000
Lot Size: 25,300 SF
Property Type: Retail
Zoning: C7
2017 B.C. Assessment Value: $4,888,000
Date of Sale: 05/31/2018
City: Abbotsford
Province: B.C.
Name of Brokerage: William Wright Commercial
