Income Today, Development Tomorrow
Located at 771 Gibsons Way, Kerns Plaza is a fully leased commercial asset offering immediate cash flow—and significant development potential in one of Gibsons’ fastest-growing corridors. Just steps from the newly approved 172-unit mixed-use development at Lots A & C, this property is ideally situated to benefit from the area’s planned growth and densification.
Why It Matters
With more housing on the way and the town’s focus shifting toward urban infill, Kerns Plaza could support a similar scale of residential development, subject to rezoning and planning approvals. Its generous 1.04-acre lot, flexible C1 zoning, and prominent location make it a prime candidate for mixed-use or multi-family redevelopment—while still producing solid income from its current commercial tenants.
Whether held as a strategic investment or transformed into housing to meet Gibsons’ growing needs, Kerns Plaza offers rare upside in a market with limited high-exposure land.
Listed at $7,998,000