A two-lot assembly of commercial land has sold for over $21.3 million, JLL Canada tells Western Investor.
The lots total 30,192 square feet of land with frontage along East Hastings. The site has potential for residential, mixed-use development in the desirable East Village business district. The properties currently house a multi-tenant strip mall and a stand-alone auto repair shop. The properties sold for close to $10 million above their combined assessed value.
The property is located at 2032 and 2060 E Hastings Ave., Vancouver.
Breakdown:
Price: $21,375,000
Lot Size: 30,192 SF
Property Type: Land
Zoning: C-2C1
2016 B.C. Assessment Value: $11,876,100
Date of Sale: 11/09/2017
City: Vancouver
Province: B.C.
Name of Brokerage: JLL Canada
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