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$ 9,970,000
Est. payment | /mo
6,534 Sqft Lot
$ 9,970,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8082216
Year Built 1940
Lot Size 6,534 Sqft
Property Sub-Type Retail
Property Description
5.51% CAP RATE ON ASKING PRICE. 54' x 120' lot improved with a well-maintained 12,956sf two-level building. Main floor features impressive 14' ceilings, creating a bright, open retail environment. This is definitely one of the premier showroom retail spaces in all of South Granville. Currently occupied by West Elm with lease expiry in July 2027. Current NOI is $550,000. The Building has been extensively renovated with major upgrades over the years to structure, electrical, plumbing, and HVAC systems. Super strong location along the vibrant South Granville corridor. Ideal holding property with future redevelopment potential. Good for long term investor, owner-user or developer.
Location
Province BC
Community Fairview Vw
Area Vancouver West
Zoning C3A
Interior
Heating Rooftop, HVAC System
Cooling Air Conditioning, HVAC System
Exterior
Utilities Available Curb/Gutter, Electricity Connected, Natural Gas Connected, Phone Connected, Street Lighting, Sidewalk
Roof Type Torch On
Street Surface Paved
Accessibility Handicap Access/Facil
Building
Sewer Public Sewer, Sanitary Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold
Nearby Locations