Delbrook Commercial Retail for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30568009
Property Subtypes: Street Retail
Building Size (RSF): 707 SF
Gross Building Area: See Agent
Sale Price: $565,000
Unit Price: $799.15 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 5/28/2020

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.

Combined of two separate legal titles this retail property offers a total of 707 SF of fully fixtured space & comes with 2 dedicated parking spots in addition to abundant visitor parking. Currently tenanted at a below market rent of $25/sf providing potential to increase rents and Net Income.

Can be delivered vacant for Owner Occupiers subject to conditions. In addition to desirable holding income, this investment, upon assembly provides supreme future appreciation being designated as CRMU1 in the DNVs’ OCP permitting future res/com mix development of up to 1.75 FSR.

DO NOT APPROACH THE TENANT.

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 009-202-153 & 009-202-170
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Delbrook Ave
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 707 SF
Property Condition: Excellent
Year Built: 1988
Construction/Siding: Wood Frame
Parking Type: Surface
Zoning Description: CD38
Legal Description: STRATA LOTs 17 & 18 DISTRICT LOTS 577 AND 617 STRATA PLAN VR. 2024

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Contact

Photograph of Listing Agent

Eugen Klein

Royal LePage Sussex Klein Grp
Commercial First Member
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