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High exposure car dealership sells for $11M an acre

Car dealership trades as part of a long-term land assembly strategy
20279-lougheed-hwy-maple-ridge
The sale June 20 of 20279 Lougheed Hwy, Maple Ridge, for $6.25 million was part of a long-term land assembly.

DEAL | A high-profile car dealership site at 20279 Lougheed Highway, Maple Ridge, sold June 20 as part of a long-term land assembly for $6.25 million. Brokered by Avison Young, the sale included 10,568 square feet of commercial space on 0.55 acres. CS-1 zoning accommodates service commercial uses, such as the existing care dealership but the future potential is much greater, as reflected in the sale price. The site’s assessed value is just short of $4 million.

PRICE | $6,250,000

FROM | Stuart Wright, Avison Young