Gas stations in Metro Vancouver continue to face closure in favour of their redevelopment potential, with four properties currently up for sale by Colliers International.
The Esso stations are in Vancouver’s West Side and Burnaby, at:
The properties can be purchased individually or as part of a package. The high-profile sites are all corner lots, according to urbanYVR.
The Vancouver locations offer retail and residential development potential, while the Burnaby property allows for a high-rise residential tower in close proximity to Lougheed Town Centre. The Arbutus location is just 800 metres from the future Millennium Line Broadway Extension.
The properties do not have a set asking price and information on the bid submission process is to be released at a later date.
Last year, several Chevron gas stations in Vancouver were listed and sold for redevelopment. Each one was sold for well above assessed value, with the West Georgia location acquired for $72 million by Anthem Properties.
Read more from the Western Investor