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3194-3198 Jacklin Rd
La Jacklin Langford V9B 5J9

$4,850,000
Commercial Sale

Main Photo: 3194-3198 Jacklin Rd in Langford: La Jacklin Retail for sale : MLS®# 980686
Photo 1: 3194-3198 Jacklin Rd in Langford: La Jacklin Retail for sale : MLS®# 980686
Photo 2: 3194-3198 Jacklin Rd in Langford: La Jacklin Retail for sale : MLS®# 980686
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
980686
Prime redevelopment opportunity. 28,629SF, C3 zoned on one of Langford's highest traffic-count corners; Highway 14 (Sooke Road) & Jacklin Road. Over 40 years of stable income from long term tenants. Situated in the Town Centre designated area per current Official Community Plan (OCP) and new OCP is in the works. Revised parking standards could reduce requirements given bus hubs leave in every direction here. On grade access from Rowils Cres. should result in 2 levels of underground parking to bring grade to Sooke Road with minimal blasting. Property is adjacent to abandoned gazette road currently owned by the City of Langford (not MOT). Uploaded Supplemental documents: Phase II Environmental, Income & Expense Statement, Rent Roll (tenant names redacted), and a survey with conceptual site diagram, by Westbrook Engineering (2017) produced after conversation/meetings with City of Langford. Additional documentation will be provided upon execution of a Confidentiality Agreement.
Property Type:
Commercial Sale
Type:
Retail
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
La Jacklin, Langford
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.66 acre(s)
Taxes:
Ceiling Heights:
Total Building Area:
5,520 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Langford
Legal Description:
Legal Non-Conformance:
No
Units in Building:
Units in Community:
Occupancy:
Tenant
Parking Features:
On Site
Total Units:
Date Listed:
Nov 12, 2024
Original Price:
4850000.0
  • Photo 1: 3194-3198 Jacklin Rd in Langford: La Jacklin Retail for sale : MLS®# 980686
    Photo 1 of 2
  • Photo 2: 3194-3198 Jacklin Rd in Langford: La Jacklin Retail for sale : MLS®# 980686
    Photo 2 of 2
Listed by MARCUS & MILLICHAP REIS
Data was last updated December 26, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
51
Avg list price:
$1,400,000
Min list price:
$150,000
Max list price:
$10,900,000
Avg days on market:
132
Min days on market:
5
Max days on market:
469
These statistics are generated based on the current listing's property type and located in Langford. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.