Standalone Industrial Automotive Building For Sale

Industrial for Sale
Catylist Listing ID: 30427484
Property Subtypes: Free-Standing, Light Industrial
Building Size (RSF): 1,800 SF
Gross Building Area: See Agent
Gross Land Area: 5,753 SF
Sale Price: $2,750,000
Unit Price: $1,527 PSF
Drive In Bays: 3 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2019

Overview / Comments

Listed below assessed value! Opportunity to purchase a freestanding building with fenced yard, just one block from Hastings and Clark Drive. The building can be provided vacant or with the existing month-to-month tenancy. Alternatively, the site can be redeveloped into a multi-story industrial and office building in line with zoning and OCP guidelines. Please contact the listing agent for further information or to schedule a tour.

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 015-644-120
Zoning: M-2
Area Description: M-2 Industrial permitting a wide range of uses including manufacturing, wholesaling, catering, auto repair, work shop among others.
Year Built: 1959
Zoning Description: Existing zoning allows for a density of 5.0 FSR (28,765 buildable SF) with a maximum building height of 100 feet. The Grandview Woodland OCP indicates potential future rezoning to I-2 light industrial zoning.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 5, BLOCK 6, PLAN VAP186, DISTRICT LOT 182, NEW WESTMINSTER LAND DISTRICT, EXC S 10 FT NOW LANE, OF BLK B

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Contact

Photograph of Listing Agent

Baktash Kasraei

Jones Lang Lasalle R.E.S. Commercial First Member
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