A parking lot located adjacent to the New Westminster Professional Buildings sold for $2 million, William Wright Commercial tells Western Investor.
The 8,712-square-foot parking lot offers amazing redevelopment potential under the newly adopted OCP for the Uptown District. The lot is currently zoned C3. The purchaser, who also owns the neighbouring parking lot, seeks plans for a new mixed use development.
The property is located at 513 Seventh St., New Westminster.
Breakdown:
Price: $2,000,000
Lot Size: 8,712 SF
Property Type: Land
Zoning: C3
2016 B.C. Assessment Value: $1,259,600
City: New Westminster
Province: B.C.
Name of Brokerage: William Wright Commercial
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