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10240 City Parkway

10240 City Parkway, Surrey
Land

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Summary

Price
$8,750,000
Price/SF Buildable
$25.94
Area
44,866 SF
Development Potential
337,200 SF
Zoning
C-8
Sale Date
12/1/2015

Property Description:

A unique opportunity to acquire an exceptional high density mixed use development site in Surrey’s City Centre (SFU) across from the SkyTrain station and Central City. Also, in very close proximity to the new library and the newly built City Hall located on 104th and University Drive. The subject property totals 1.03 acres. The asking price is $25.94/ft buildable (7.5 FSR or 337,200 sq. ft. buildable).

Land Use Controls:
The proposed land use and density concept for Surrey City Centre envisions nodes of higher density around each of the 3 SkyTrain stations, linked by a corridor of high density development which also extends along 104th Avenue. The Subject is located in Mixed Use Area 1 surrounding the Surrey Central SkyTrain Station. It is intended that this area will form the commercial and civic heart of Surrey City Centre. It is anticipated that the Central SkyTrain area will contain a vibrant mix of civic, institutional, office, commercial uses and activities. To further emphasize the importance of this area, it is intended that the tallest buildings in the City characterize the area. To achieve the desired density, a 7.5 floor area ratio (FAR) is proposed for this area of Surrey City Centre. This equates to a potential buildable of 337,200 sq. ft.

Legal Description

Lot 121 LD 36 Sec 27 Range 2 PL3839

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