COMMERCIAL DRIVE INVESTMENT PROPERTY

1961 COMMERCIAL DRIVE, VANCOUVER, BC
Prime Location
FEATURED
$ 3,497,000

SUMMARY

    • Prime location
    • 1,909 SF of retail space
    • High foot traffic
    • Zoning: C-2C1
    • Lot size: 2,900 SF
    • Building area: 5,851 SF
    • Projected net income:  $189,000
    • Parking:  1 stall
    • One retail unit and 6 residentials units above

Overview

This property is exceptionally well located minutes from the Commercial – Broadway Skytrain station along the trendy and very busy retail corridor of Commercial Drive. The property has superb walk by traffic at all hours. The building is on a corner next to a lane with great visibility. Neighbouring properties include Prado Cafe, Belgium Fries, Spartacus Books and many other independent shops and restaurants. The main floor is approximately 1,909 sf and is leased to Vapster Smoke Shop with the lease expiring June 2024.  Upstairs are 6 one bedroom residential units. There is one parking stall in the rear. The property has a clean phase 2 environmental report.
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