Significant redevelopment opportunity. 28,629 SF C3 zoned – District Commercial, on one of Langford’s highest traffic-count corners; Highway 14 (Sooke Road ) & Jacklin Road. Over 40 years of stable income with long term tenants. New Official Community Plan in the works for revised parking standards that could reduce required parking. Lower grade access from Rowils Cres. should result in two levels of underground parking, with minimal blasting & digging required. Supplemental documents include a Phase II Environmental Report, Income & Expense Statement, Rent Roll, and a survey with conceptual site discussion diagram, by Westbrook Engineering (2017) produced after conversation with City of Langford. Close proximity to Glen Lake and renowned Galloping Goose Trail, this asset is strategically positioned for developers to benefit from lake views and unmatched connectivity. City of Langford is underway on a new Official Community Plan and advises that the site would likely meet criteria, given bus hubs in all directions, for a reduced parking requirement. Location and area supporting high density mixed use development. This potential is highlighted by the upcoming project at 2826 Jacklin Road, a multi-unit tower featuring 80 condos & 3 commercial units. This site benefits from excellent visibility (over 21,000 vehicles passing daily). Langford has recently been recognized as one of the top 10 most resilient cities in British Columbia (2023). Additional documentation will be provided upon execution of a CA by interested purchasers. Please call Listing Agents for all showings.
Address
3194-3198 Jacklin Rd
List Price
$4,850,000
Property Type
Commercial Sale
Type of Dwelling
Retail
Area
Langford
Sub-Area
La Jacklin
Lot Size
28749.6 Sq. Ft.
Lot Size (Acres)
0.66 Ac.
MLS® Number
980686
Listing Brokerage
MARCUS & MILLICHAP REIS
Postal Code
V9B 5J9
Tax Amount
$30,757.00
Tax Year
2024
