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$ 9,898,000
Est. payment | /mo
6,098 Sqft Lot
$ 9,898,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8070069
Lot Size 6,098 Sqft
Property Sub-Type Retail
Property Description
A fully renovated office and retail building steps from Lonsdale Quay offered for sale at a near 6.00% capitalization rate and well below replacement cost. Recently underwent a capital improvement campaign totaling approximately $1.2 Million, including structural upgrades. Considerable upside remains upon turnover with longstanding tenants. Retail tenants include a popular vegan eatery and a local grocery store, plus unique laneway storefronts feature a dance studio and vintage clothing. Office tenants enjoy views of Downtown Vancouver and Burrard Inlet. Property held in a bare trust allowing for potential Property Transfer Tax savings
Location
Province BC
Community Lower Lonsdale
Area North Vancouver
Building
Sewer Public Sewer
Water Public
Others
Ownership Freehold
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "