1965 Sumas Way - Restaurant FOR SALE


Abbotsford, BC V2S 4L5
$4,660,000 CAD
604-729-5731
1965 Sumas Way, Abbotsford, BC for Sale
$4,660,000 CAD
Restaurant - FOR SALE
1/3
null | Request Cap Rate

1965 Sumas Way
Abbotsford, BC V2S 4L5


HIGHLIGHTS

  • High exposure
  • Ample parking
  • Can be configured as restaurant + office/retail or two retail/office units

OVERVIEW

Introducing an exceptional 4,660 SF freestanding commercial building along Abbotsford’s high-exposure Sumas Way corridor — ideal for medical, dental, daycare, wellness, professional office, or retail users. Minutes from Highway 1 and the Sumas Border Crossing, this property offers both strong existing utility and notable redevelopment options. ?? Redevelopment Options (Architectural Study) Option 1 – Split Building into Two Units (Flexible Uses) • Keep approx. 3,450 SF of the existing building • Create approx. 1,500 SF of new street-front, demised space • Can be configured as restaurant + office/retail or two retail/office units (no requirement to keep a restaurant use) • Parking requirement: 16 stalls (restaurant/retail) + 5 stalls (office/retail) Option 2 – New Building Addition (Max Lot Coverage Expansion) • Expand the building behind or adjacent to the existing structure • Maximum lot coverage of approx. 8,690 SF (50% of the site) • Parking requirement: 27 stalls (based on general office at 1 stall per 323 SF) Option 3 – Add a Second Storey • Explore adding a full second floor • Would require upgrades to 2024 BCBC, including seismic, accessibility, and mechanical relocation • Significant opportunity to increase leasable area and long-term income potential ?? Property Highlights • C3 – Community Commercial Zoning offering wide permitted-use flexibility • 47 parking stalls (underground + surface) • Clean Phase 2 Environmental Assessment completed June 2024 • Excellent visibility and access along one of Abbotsford’s busiest commercial routes • Suitable for owner-occupiers, investors, and redevelopment-focused users

FOR SALE DETAILS

PRICE

$4,660,000 CAD

PRICE/SF

$1,074 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Day Care Center, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

21,024 SF

ZONING

-

APN/PARCEL ID

011-427-027

ASK ABOUT THIS PROPERTY

Ingrid BakkeReal BrokerMore Info
604-729-5731

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Ingrid BakkeReal BrokerMore Info
604-729-5731

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.