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640 TWELFTH STREET

City: New Westminster
MLS® Number: C8073042
$1,988,000
Description

Excellent corner lot building location within a close radius of parks, shopping center, restaurants, bus stop and skytrain. Good shape, well maintained free standing retail commercial / residential building contains restaurant (main floor front), residential area in rear part of main floor & 2 bedroom suite (upper floor) with separate entrance, one single garage, and basement. Basement can be used for storage & accessory space as an office or break room for restaurant staff but need to obtain all necessary building, plumbing or electrical permits from City. Main floor front is leased for restaurant business with a lease up to April 30, 2027 + option for another 2 years. Residential part with two bedrooms currently is rented in month to month. Basement is vacant. Potential development lot at 61.88'(frontage) x 66.01'(depth) with free standing retail commercial / residential building is be good for investment or hold for redevelopment. Property is "sold as is, where is". PRICE TO SELL! BE Quick! (id:67659)

PROPERTY TYPE
Retail
BEDROOMS
N/A
TAXES
$14,645.50 (2025)
DWELLING TYPE
N/A
BATHROOMS
N/A
LOT AREA
4084.00 square feet
TOTAL AREA
0 square feet
YEAR BUILT
N/A
STATUS
Active
Features

Building: Street Lighting

Fencing: Fenced yard

Utilities: Sewer, Natural Gas, Electricity, Cable, Telephone

Photos
Location
Listing Brokerage
Royal Pacific Realty (Kingsway) Ltd.Powered by REALTOR.ca

Contact Leanne Robb PREC

Call 778-918-4169 or email leanne.robb@westcoasthome.ca, or send a message about this listing.