CASM Global, on behalf of the Vendor who is acting in their capacity as set forth in the Order for Conduct of Sale granted by the Supreme Court of British Columbia, is pleased to present the exclusive opportunity to acquire 5820 Marine Drive in Burnaby.
The Subject Site is a rarely available 1.53 acre parcel of developable C2/C2h zoned Community Commercial land in the South Slope/Big Bend area of Burnaby at the centre of the Lower Mainland. Current zoning provides myriad commercial use cases for development.
With well over 10,000 vehicles per day passing along Marine Drive, the Subject Site provides outstanding visibility and easy access from multiple points of ingress and egress. In addition, both the neighbouring Royal Oak Urban Village Community Plan and adjacent Edmonds Town Centre Community Plan along with the recently enacted Transit Oriented Development Areas legislation (Bill 47 etc) propose immense amounts of redevelopment density for the trade area.
Previously, a mixed-use development concept featuring retail and office space was proposed on the property. Extensive studies and reports have been conducted on the Subject Site and are available to qualified registered parties for review in the Data Room.
For more information and to register interest, please contact Cynthia Dong or Steve Da Cruz directly. All offers shall be subject to court approval.
Price:
$13,880,000
Property Type:
Commercial
MLS® Num:
Exclusive
Status:
Active
High Traffic Commercial Development Site:
Over 10,000+ Cars Per Day
Center of the Lower Mainland:
Trade Area Population over 210,000 with 10 min Drive
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