Grove Mobile Home Park
32380 Lougheed Highway, Mission
2.87-acre turn-key mobile home park with development potential
The subject property is currently operating as a mobile home park along Lougheed Highway in Mission. This site has an OCP compliant commercial designation which permits various commercial uses and allows for up to 4 storeys and a density of 2.0 FSR. The current use as a mobile home park is grandfathered, but the City of Mission would encourage change to commercial zoning.
There are a total of 26 fully leased pads all on a month-to-month basis. Great holding income during the rezoning process (approx $181,546 NOI).
Under current conditions, the rezoning and DP process for a commercial project run concurrently. As such, a 6-8 month timeline is anticipated for a project to get to Council for rezoning.
OCP and current zoning
Grove Mobile Home Park is located in Mission, BC, on the south side of Lougheed Highway just west of the Cedar Valley Connector. It is surrounded by numerous commercial buildings, retail strip centres, shopping malls, hotels, restaurants and other amenities.
Net operating income
Net operating income$181,546
For financials, please contact the listing agent.
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.