1130-1134 Granville St
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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)
Nearby Major Retailers
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1130-1134 Granville St
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