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5714 GLOVER Road
Langley City Langley V3A 4H8

$6,990,000
Business with Property, Land Commercial

Main Photo: 5714 GLOVER Road, Langley - Langley City
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Status:
Active
Prop. Type:
Business with Property, Land Commercial
MLS® Num:
C8060296
Build. Type:
Freestanding
Prime development Opportunity: Two Commercial Notes in Langley Downtown- 5718 and 5714 Glover Rd, see MLS# C8060295, Langley. This offering is an opportunity to acquire two large-scale, mixed-use condo sites in the heart of Downtown Langley. With an opportunity to buy a middle alley land from the city, the total combined lot size could come close to 30,000 ft2 (with 13,500ft2 for 5718 and 12,800 ft2 for 5714 Glover Dr parcels). Located at the intersection of Logan Ave and Glover Rd, minutes from the future Langley Center Skytrain Station, these projects could bring much-needed new homes to the neighborhood. Adjacent to an active mid-rise development up to 15 storey with 5.5 FSR, these properties promise growth and expansion. Unlock Langley's residential market potential with two commercial notes zoned for multiunit residential use. Contact now to seize this rare chance to make your mark on Langley's dynamic landscape.
Sale Type:
Asset or Share
Sublease:
No
Construction:
Concrete, Mixed
Building Type:
Freestanding, Commercial Mix, Office Building
Lot Area:
12,800 sq. ft.
Acres Freehold:
0 sq. ft.
Land Use/Zoning:
C1
Permitted Use:
Retail
Taxes:
$0 / 0
Other
Services Connected:
Cable, Electricity
Water Supply:
See Realtor Remarks
HVAC:
See Realtor Remarks
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Not Applicable
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Listed by Dracco Pacific Realty
Data was last updated November 6, 2024 at 01:10 AM (UTC)
AMAR SHAN
DANA BALAN
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Navigating Commercial Real Estate Landscape in Vancouver, BC

Vancouver, BC, stands as a beacon of economic prosperity and cultural diversity, drawing businesses and investors alike to its dynamic commercial real estate market. In this article, we’ll delve into the thriving commercial landscape of Vancouver, exploring key trends, popular sectors, and the factors contributing to the city’s robust real estate sector. Whether you’re an entrepreneur seeking the perfect storefront or an investor eyeing the stability and growth potential of Vancouver’s commercial market, the opportunities are as diverse as the properties themselves. Explore BC commercial properties, especially in Vancouver, and discover a landscape ripe for business success and investment ventures.

Diverse Commercial Sectors

Vancouver’s commercial real estate market spans a diverse array of sectors, catering to the multifaceted needs of businesses. From vibrant retail spaces in bustling neighborhoods like Gastown to sleek office towers in the central business district, the city offers a spectrum of opportunities. The industrial sector, particularly in areas like Mount Pleasant, has also witnessed significant growth, driven by the rise of tech companies and creative industries.

Tech Hub and Innovation

As a burgeoning tech hub, Vancouver has become a magnet for innovative companies seeking prime office spaces to foster creativity and collaboration. The city’s strategic location, coupled with its quality of life, has attracted major players in the tech industry, contributing to the demand for modern, adaptable office spaces.

Green Initiatives and Sustainability

Vancouver places a strong emphasis on sustainability, influencing its commercial real estate landscape. The city’s commitment to green building practices has led to a surge in environmentally conscious developments. LEED-certified buildings and energy-efficient spaces have become integral components of the commercial market, appealing to businesses with a focus on sustainability.

Challenges and Opportunities

Despite its robustness, Vancouver’s commercial real estate market is not without challenges. Limited available space in key areas and rising property values pose obstacles for businesses seeking prime locations. However, this scarcity has also spurred innovative projects, such as mixed-use developments that seamlessly blend residential and commercial spaces.

Investment Appeal

Investors are drawn to Vancouver’s commercial real estate market for its stability and long-term growth potential. The city’s strategic geographical location, strong economic fundamentals, and commitment to innovation create an attractive environment for those looking to diversify their portfolios.

Conclusion: Vancouver, BC Commercial Properties

Vancouver’s commercial real estate landscape continues to evolve, shaped by economic trends, sustainability initiatives, and the city’s commitment to innovation. Whether you’re a local business looking to expand or a global investor seeking lucrative opportunities, Vancouver’s dynamic and diverse commercial real estate market provides a wealth of possibilities.