Commercial Retail Unit For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30471058
Property Subtypes: Street Retail, Other
Building Size (RSF): 2,280 SF
Gross Building Area: See Agent
Sale Price: $1,650,000
Unit Price: $723.68 PSF
Property Use Type: Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/21/2019

Overview / Comments

Prime opportunity to purchase a well located, ground floor commercial retail unit within the Delbrook Plaza. Minutes from HWY1, the Delbrook Plaza is well situated in North Vancouver’s Upper Delbrook neighborhood in close proximity to Edgemont Village, Westview Shopping Centre, local library & community centre. Perfectly positioned at the front corner of the plaza, this 2,280 SF retail unit uniquely offers premium direct exposure to Delbrook Ave.

This investment property is fully fixtured with 2 full washrooms & comes with 5 dedicated parking spots in addition to abundant store front visitor parking. Seller to lease back providing a 4.15% Cap Rate. In addition to desirable holding income, this investment, upon assembly provides supreme future appreciation being designated as CRMU1 in the DNV’s OCP permitting future res/com mix development of up to 1.75 FSR.

DO NOT APPROACH THE OWNER.

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 018-181-538
Zoning: CD38
Retail Clientele: General, Business, Traveler, Other
Property Located Between: Delbrook & Evergreen Pl
Property Visibility: Excellent
Largest Nearby Street: Delbrook Ave
Highway Access: HWY1
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1988
Roof Type: Other
Construction/Siding: Wood Frame
Parking Type: Structure, Surface, Other
Parking Description: 5 + visitor parking
Air Conditioning: Other
Legal Description: Strata Lot 61 Plan VAS2024 District Lot 577 Land District 1 Land District 36 & DL 617

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Contact

Photograph of Listing Agent

Eugen Klein

Royal LePage Sussex Klein Grp
Commercial First Member
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