3194 Jacklin Rd - Convenience Store FOR SALE


Victoria, BC V9B 5J9
$4,850,000 CAD
604-675-5257
3194 Jacklin Rd, Victoria, BC for Sale
$4,850,000 CAD
Convenience Store - FOR SALE
1/2
null | 3.07% Cap Rate

Oct '26


3194 Jacklin Rd
Victoria, BC V9B 5J9


HIGHLIGHTS

  • Stable Income & Flexible Zoning
  • Significant Development Potential
  • Strategic Corner Location
  • High Growth Market

OVERVIEW

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 (tenant names redacted), and a survey with conceptual site discussion diagram, by Westbrook Engineering (2017) produced after conversation/meetings 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) and has earned the title of Most Economically Resilient City in the province for 2 consecutive years (2020 & 2021). Additional documentation will be provided upon execution of a Confidentiality Agreement by interested purchasers. Please call Listing Agents for all showings.

FOR SALE DETAILS

PRICE

$4,850,000 CAD

PRICE/SF

$905 CAD /SF

CAP RATE

3.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,629 SF

ZONING

C3

APN/PARCEL ID

000-494-682

ASK ABOUT THIS PROPERTY

Andrew GormleyMarcus & MillichapMore Info
604-675-5257

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Andrew GormleyMarcus & MillichapMore Info
604-675-5257

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