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1983 Commercial Dr

10,504 SF 100% Leased Retail Building Vancouver, BC V5N 4A8 £3,574,301 (£340/SF) 3.82% Net Initial Yield

Shops & Retail Properties British Columbia Vancouver 1983 Commercial Dr, Vancouver, BC V5N 4A8

Investment Highlights

  • Boutique mixed-use investment opportunity located on “The Drive”… Vancouver’s trendiest street.
  • East Vancouver and specifically “The Drive” are one of the strongest rental markets for investors in Canada.
  • Designated in the official Grandview/Woodland Neighbourhood Plan as Commercial Drive “Core”- Traditional/Historic Shopping District (4-Storeys)
  • Desirable East Vancouver Location
  • Low vacancy (0.5%) and strong demand for rentals in the area support the opportunity to grow the rental revenue in the building.
  • Rental growth potential and the opportunity to improve cash flow from both residential and retail units.

Executive Summary

Rare opportunity to acquire a mixed-use corner property with assembly potential comprised of 11 residential units and 3 retail units located on Vancouver's trendiest Street "The Drive." Conveniently located in the heart of East Vancouver just minutes from the Commercial-Broadway SkyTrain Station and Downtown Vancouver

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,504 SF
Building Class
C
Year Built
1906
Price
£3,574,301
Price Per SF
£340
Net Initial Yield
3.82%
NOI
£136,427
Percent Leased
100%
Number of Floors
2
Building FAR
1.00
Lot Size
0.24 AC
Zoning
C-2C1 / RM-4 - Mixed-Use
1 of 1
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (89)
Bike Score ®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Royal Bank of Canada
Tim Hortons
CrossFit
Starbucks
Scotiabank
freshii
TD Canada Trust
TD
No Frills
Safeway
(604) 358-6161

Contacts

  • Listing ID: 30026372

  • Date on Market: 10/11/2023

  • Last Updated:

  • Address: 1983 Commercial Dr, Vancouver, BC V5N 4A8

The Retail Property at 1983 Commercial Dr, Vancouver, BC V5N 4A8 is currently available for sale. Contact CBRE, Limited for more information.

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© 2024 CoStar Group

1983 Commercial Dr
(604) 358-6161 x

1983 Commercial Dr

1/2

Greg Ambrose

(604) 358-6161

(604) 358-6161

Lance Coulson

(604) 662-5141

(604) 662-5141

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