Whole Building, buy and hold or redevelop

Retail-Commercial for Sale
Catylist Listing ID: 30211085
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 6,833 SF
Gross Building Area: See Agent
Sale Price: $3,100,000
Unit Price: $453.68 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/18/2018

Overview / Comments

Full building for sale with excellent buy and hold or development potential. C-2 zoning on Fraser allows for redevelopment with 3 stories of residential and ground level retail. This transitioning area is rapidly becoming trendy with boutique shopping and gourmet food and coffee. Most value is in future redevelopment or, fully leased hold the property at an above average potential cap rate of 6.7%

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 014-564-530


Photograph of Listing Agent

Craig Dickson

Personal Real Estate Corporation
Kore Realty Central Commercial First Member
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Real Estate Board of Greater Vancouver nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.