CBRE Victoria presents a rare opportunity to acquire a high-visibility commercial land parcel at 421 Trans-Canada Highway, strategically positioned at the corner of Highway 1 and Coronation Avenue in the heart of Duncan’s commercial core. This 0.48-acre site offers over 165 feet of direct frontage on one of Vancouver Island’s busiest corridors, making it ideal for long-term investment or future redevelopment.
Currently leased to a strong covenant tenant, the property generates stable income with two remaining five-year renewal terms, offering both immediate cash flow and future upside. The flat, gravel-surfaced lot is zoned HCC (Highway Corridor Commercial), supporting a wide range of permitted uses including automotive fueling stations, drive-thrus, restaurants, retail, and service businesses. This flexible zoning enhances the site’s long-term development potential and appeal to a broad spectrum of users.