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Riverside Heights Shopping Centre

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Address: 14815 108 Ave, Surrey, BC V3R 1W2, Canada

Canada + Apartment Buildings

Created date: January 17, 2025

Date last updated: January 17, 2025

Strong redevelopment potential - Designated within the Guildford Neighbhourhood Concept Plan (NCP) allowing flexible options for residential concrete or wood-frame construction
Central location - Situated at a prime intersection in a densely populated, amenity-rich neighbourhood with convenient access to major transportation routes including Trans-Canada Highway directly from 108th Avenue, along with Guildford Town Centre, the future Surrey-Langley SkyTrain, and Surrey City Centre
Site attributes - Large rectangular shape with four road frontages, offering efficiency and economies of scale, and phenomenal views overlooking the North Shore mountains and the Fraser River
Increased income potential - Significant upside as current average rents are over 50% below market and there is potential to build additional pads
Multiple value add strategies - The Property offers 6.90 acres of land and allows for both a full or a phased re-development. The site bifurcates and allows the Purchaser to focus on re-developing the eastern portion of the site and repositioning the western portion of the centre

Property Description

Avison Young is pleased to present the opportunity to acquire a 101,833 sf grocery anchored neighbourhood shopping centre, fully leased to a mix of 18 national and regional tenants and situated on 6.90-acres of prime redevelopment land at a prime intersection in the City of Surrey.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Lot Size:	6.90 Sq ft
Opportunity Zone:	No
Property Website	Click Here