RE/MAX Real Estate Services Blog
Posted in: West End NW, New Westminster Real Estate
Property by us at 702 TWELFTH ST in New Westminster.
Corner Location!! This property is located at the intersection of Twelfth St. and Seventh Ave. It is within busy commercial district and is surrounded by high density residential area with large pedestrian exposure. The property close to public transportation, schools, parks; etc. The Lot Size is 65 Ft. X 91 Ft., approx. 6,072 SF, with a freestanding commercial building at approx. 1,598 SF. Fully lease to a good long term tenant, gross rent at 4,500 per month (approx. $40,000 net income per year). Currently under C-2A (community commercial dist) zoning, allows variety of commercial usage. Good property for holding or for development. Call now!! Do no disturb the tenant.