More than a dozen people have asked about a prime piece of industrial real estate the City has up for sale.
City real estate manager David Freeman said Wednesday the 2.8-acre lot at 1452 McGill Road is being marketed for $2.6 million.
The lot is at the end of McGill Road, where the green-waste recycling depot was before it was moved to the west. The lot is also across the Hillside Drive extension from two data centres.
The City has advertised the land sale with real estate associations in B.C. and Alberta, as well as on its web site.
Since advertising began about two weeks ago, the City has sent out about a dozen printed packages. Freeman said it’s hard to know how many have downloaded the electronic package off the web site.
The property is one of the few large-sized light-industrial lands remaining in the McGill corridor, he said.
The zoning would support high-tech incubator space, especially with TRU located right behind the lot, as well as light-industrial uses similar to others in the area such as warehousing, office equipment sales and rentals, and other clean industry uses.
“It’s basically an extension of the existing uses that are up there,” he said.
The City’s fibre-optic network runs right past the land as well, which could also be a selling feature.
The City is calling for sealed bid offers, with a closing date of Nov. 15. If no one meets the minimum price, the City can negotiate with the offers it does receive, or take the land off the market for a while, he said.
But Freeman felt the location will attract interest.
“It’s our highest-demand industrial area.”