INDUSTRIAL DEVELOPERS AND INVESTORS

5130 Park Avenue Terrace , BC V8G 5S6

5130 Park Avenue , Terrace , BC, V8G 5S6, CA
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FOR SALE Off Market Listing
Property Type:
Industrial
Amount:
$4,500,000
Cap Rate:
0.00%
Last Verified:
Dec 21, 2023

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The property is approximately 5.52 acres and has a single stand-alone commercial building with 6 fully tenanted units totalling approx. 19,328 SF. The excess land on this property gives the potential for further redevelopment. The property is currently zoned C3 – Service Commercial which would allow redevelopment of up to approx. 240,450 SF based on a FAR of 1.0. This tenanted building is income generating and can provide an investor with ongoing cash flow.

Map of 5130 Park Avenue , Terrace , BC, V8G 5S6, CA

Presented by:
RE/MAX Commercial

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Kris McLaughlin *PREC


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.