400 sqft
$899,000Maintenance,
$471.39 Monthly
Investor Alert! Excellent Kitsilano retail investment opportunity steps from Kits Beach. This 401sf street-front retail unit enjoys strong pedestrian traffic and great exposure in one of Vancouver's most vibrant neighbourhoods. Leased to Grab Glow Grow, a wellness-focused quick-service concept, with a new 5-year lease generating Net $42,000 annually and 3% yearly increases. Offered at $899,000, delivering a 4.67% first-year return and projected 5.26% return by Year 5. A fantastic chance to own stable retail income in the heart of Kitsilano. (id:61992)
Property Details
|
MLS® Number
|
C8077141 |
|
Property Type
|
Retail |
|
Features
|
Lane |
|
Road Type
|
Paved Road |
Building
|
Amenities
|
Street Lighting |
|
Constructed Date
|
1995 |
|
Size Interior
|
400 Sqft |
Land
|
Acreage
|
No |
|
Sewer
|
Storm Sewer |
|
Zoning Description
|
Cd-1 (305) |
Utilities
|
Electricity
|
Available |
|
Water
|
At Lot Line |