About This Property
COURT ORDERED SALE - Rare Transit-Oriented development opportunity in the heart of Surrey City Centre, comprising three assembled parcels at 10728, 10738 & 10748 132 Street. Located within approximately 400 metres of Gateway SkyTrain Station, the site benefits from excellent transit accessibility and significant long-term density upside. While a development application has been submitted proposing a lower-density scheme, the property is designated within a TOA, offering potential for up to 4.0 FAR and building heights of up to 12 storeys, subject to City approval. Positioned in one of Metro Vancouver's fastest-growing urban cores and surrounded by active high-density residential and mixed-use developments, this site presents a compelling opportunity for developers and investors to buy and hold or pursue future redevelopment at higher density. (id:64973)
At $161 per square foot, this vacant land in the heart of Surrey City Centre presents a compelling value proposition compared to the surrounding $200+ per square foot market. Strategically located within 400 metres of the Gateway SkyTrain Station, this property is best suited for savvy developers seeking a transit-oriented development opportunity with significant long-term upside potential.
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