680 sqft
$850,000Maintenance,
$528.18 Monthly
Excellent income-producing investment with an approximate 5.08% cap rate and long-term stable rental income. Prime retail investment opportunity on vibrant Commercial Drive. This approximately 680 SF strata retail unit is fully leased to an established long-term tenant with a renewal option, providing secure and reliable cash flow. Includes 1 secured underground parking stall. Major capital improvements include building-wide plumbing replacement (2022) and a new HVAC system (2023), minimizing future maintenance concerns. A turnkey investment opportunity in one of Vancouver's most sought-after retail locations. (id:61992)
Property Details
|
MLS® Number
|
C8080613 |
|
Property Type
|
Retail |
|
Neigbourhood
|
Little Italy |
|
Features
|
Dock Height Loading |
Building
|
Constructed Date
|
1997 |
|
Size Interior
|
680 Sqft |
Land
|
Acreage
|
No |
|
Sewer
|
Storm Sewer |
|
Zoning Description
|
C-2c1 |
Utilities
|
Electricity
|
Available |
|
Water
|
At Lot Line |
|
Telephone
|
Available |