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For Sale

Tiki Village Multifamily Development Site

  • $6,000,000

Salient Details

  • Lot Size 115,087 sf

Tiki Village Multifamily Development Site

Fully assembled 115,087 square foot development site near downtown Vernon with plans in place for a 2-building 180-unit multifamily development.
Tiki Village Development Site - Brochure
Download the Brochure
McEvay Blair Multifamily Group - Tiki Village Multifamily Development Site - 1 2408 34th St 19

Investment Highlights

Multifamily Rental Site of Scale with Plans Available
The site has preliminary design plans available detailing a 2-building 180-unit multifamily development totalling 180,170 square feet of buildable area and 145,200 square feet of net leaseable space.
Fully Assembled with Holding Income
The site is fully assembled and encompasses six residential properties that produce holding income along with the former Tiki Village Motel which is currently in the process of being demolished in preparation for site development.
Strategic Rental Location
Located in the heart of Vernon along 25th Avenue, a main thoroughfare, the site is in close proximity to downtown Vernon, Polson Park, and Vernon Jubilee Hospital with transit stops within walking distance.

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Contact us

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick