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Langley mixed-use development site sold for $10M

Sale in evolving area averaged $4.2 million per acre
21456-80-avenue-langley
Sold Jan. 31, 2024, this 2.4-acre site at 21456 80 Ave., Langley, achieved its asking price of $10 million.

DEAL | A 2.4-acre, mixed-use development site at 21456 80 Ave., Langley, sold for approximately $10 million on Jan. 31, 2024. This prime property boasts a gentle slope offering expansive southern views, enhancing its appeal for future residential or commercial builds. Notably free of creeks or easements, the site provides a clear path for development. An existing home on the property can generate rental income during the development planning stages. Strategically located with a school and park slated to appear across the street, and surrounded by lands owned by major developers, this site is ideally positioned for a high-value mixed-use project in one of Langley's rapidly growing areas.

PRICE | $10,000,000

FROM | Joe Varing, Varing Group