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1130-1134 Granville St

12,000 SF 100% Leased Retail Building Vancouver, BC V6Z 1L8 $5,055,541 USD ($421 USD/SF) 7% Cap Rate

Executive Summary

Presenting 1130 Granville, centrally located in Vancouver's bustling Downtown Entertainment District. This property spans roughly 12,000 sft of mixed-use space, combining the charm of vintage aesthetics with modern potential. It features original handmade brick walls, hardwood floors, and high ceilings ranging from 12 to 16 feet, perfect for a variety of business ventures.The building houses 2 commercial spaces and 6 residential units (4 2-beds and 2 1-bedr apartments). With significant changes on the horizon for Granville Street and developments like 717 Davie spotlighting this area, 1130 Granville stands as a focal point for renewed tourism and business interest. Although the main and basement levels remain vacant, the easing of licensing rules create a compelling investment opportunity. Priced at a proposed $7.25 million with a minimum projected cap rate of 7% at full occupancy. SOLD AS IS WHERE IS. Don't miss this!!!

Financial Summary (Actual - 2023)

Annual (USD) Annual Per SF (USD)
Gross Rental Income $348,658 $29.05
Other Income - -
Vacancy Loss - -
Effective Gross Income $348,658 $29.05
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income (USD)
Annual $348,658
Annual Per SF $29.05
Other Income (USD)
Annual -
Annual Per SF -
Vacancy Loss (USD)
Annual -
Annual Per SF -
Effective Gross Income (USD)
Annual $348,658
Annual Per SF $29.05
Net Operating Income (USD)
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,000 SF
Building Class
C
Year Built
1910
Price
$5,055,541 USD
Price Per SF
$421 USD
Cap Rate
7%
NOI
$353,888 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.94
Lot Size
0.07 AC
Zoning
DD
Frontage
31 FT on Granville St

Amenities

  • Bus Line
  • Storage Space
  • Air Conditioning
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (89)
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.®

Nearby Major Retailers

Starbucks
Tim Hortons
Johnny Rockets
Royal Bank of Canada
Earls Kitchen + Bar
Club Pilates
Boston Pizza
JOEY Restaurants
TD Bank
Tokyo Joe's
  • Listing ID: 31729324

  • Date on Market: 5/7/2024

  • Last Updated:

  • Address: 1130-1134 Granville St, Vancouver, BC V6Z 1L8

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