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$ 5,499,000
Est. payment | /mo
3,240 Sqft Lot
$ 5,499,000
Est. payment | /mo
3,240 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8073900
Year Built 1912
Lot Size 3,240 Sqft
Property Sub-Type Retail
Property Description
OWNER-USER/INVESTMENT OPPORTUNITY - Rare opportunity to acquire a 7,268 square foot, freestanding building along the prestigious South Granville retail strip home to luxury retailers such as Restoration Hardware, Pottery Barn and high-end boutiques and restaurants. There is an immediate opportunity to occupy 2,518 SF on the 2nd floor of the building, which has recently undergone renovations and was last used as an art gallery space. The main floor is currently occupied by Henry's Camera, who have entered into a short term lease, but may be willing to stay long term. The main & 2nd Fl combined total 5,718 SF of useable area making the price $962 per leasable SF. The basement adds an additional 1,484 SF and was recently renovated and is very usable space. When fully leased at market rates, this property is projected to achieve a 5% cap rate.
Location
Province BC
Community Fairview Vw
Area Vancouver West
Zoning C-3A
Interior
Cooling Air Conditioning
Building
Story 2
Sewer Public Sewer
Water Public
Others
Ownership Freehold
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
# 500 666 Burrard Street, Vancouver, Columbia, V6C3P6, Canada