5625 176th Street
Surrey, BC
FOR SALE
Property details
- Site size 5,280 sf
- Building size 2,400 sf
- Zoning C-15 – Town Centre Commercial Zone
- Cloverdale Plan Cloverdale Town Centre (Heritage Downtown)
- Current Improvements Single storey commercial building demised into two retail units featuring recent renovations and facade improvements
- Timing Lease Expiries: July 1, 2026 and January 31, 2027 with no further renewal options
- Official Community Plan Town Centre (2.0 FAR)
- Pricing guidance $2,100,000 ($875 psf)
Opportunity
Avison Young is pleased to present the opportunity to acquire a fully leased multi tenant commercial investment property in the heart of Cloverdale.
The property has been exceptionally well managed and is currently leased to two tenants with near term lease expiries. There is an opportunity for significant upside on net income through upcoming renewals or an opportunity for an owner-user to occupy.
Highlights
Fully leased building with two stable tenants with near term lease expiries
Ideally located along 176th Street with great exposure
Ample parking for both tenants and customers
Nearby new Surrey Hospital and Kwantlen Polytechnic University, providing opportunity for complementary users
Significant upside on income through renewals or new leases
Recent building renovations and façade improvement
