FOR SALE Waterfront Commercial Development Property 1820 Maple Avenue South, Sooke, B.C.
JECT SUB
For further information please contact:
Hans Van de Kamp 250-704-8275
[email protected] Macdonald Commercial Real Estate Services Ltd. 1827 West 5th Ave, Vancouver, BC V6J 1P5 T 604.736.5611 | F 604.736.7976 | www.macdonaldcommercial.com
Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.
1820 Maple Avenue South, Sooke, BC
EXECUTIVE SUMMARY Waterfront Commercial Development Property
Location
This is the prime Sooke Waterfront C-2 zoned commercial development property available on the market today! Zoned for a wide range of mixed uses including commercial on main and upper floors for residential. There is an option to secure long-term lease agreements for boat moorage in the adjacent foreshore lot as an inducement for the residential development!
Sooke, BC is a growing picturesque, seaside community situated on the southern tip of Vancouver Island and located within the western corner of Greater Victoria. Sooke boasts fabulous accommodations, restaurants, galleries and shops, as well as provincial parks, unspoiled rainforests and tranquil beaches. Economic activity in Sooke is very strong.
Current permitted development criteria allow for generous buildable SF based on 60% site coverage and 45 Ft. principal building height. This 19,360 SF lot may also potentially be subdivided into 2 separate commercial properties. Other uses include brew pub, hotel, office, retail and a variety of service businesses. The property has 3 current structures that could potentially be upgraded to generate holding income. Phase 1 and Phase 2 Environmental Reports available.
The community is enjoying one of the fastest growth rates in the Capital Regional District which is sure to be reflected in appreciated property values over the years to come. This unique waterfront development site is an excellent investment opportunity. Property Details Size:
19,360 SF - .44 Acres
Zoned:
C-2 – Mixed Use
Preliminary Concept Plan
Taxes:
$8,659 (2016)
Available Concept Plan highlights an attractive design that takes advantage of the gently sloping property to capture the panoramic oceanfront and mountain views throughout. Allowable density provides attractive per door land acquisition costs for this unique waterfront property.
Assessed Value:
$658,100
Asking Price $669,000