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1983 Commercial Dr

10,504 SF 100% Leased Retail Building Vancouver, BC V5N 4A8 $4,493,037 USD ($428 USD/SF) 3.82% Cap Rate

Retail Space 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
$4,493,037 USD
Price Per SF
$428 USD
Cap Rate
3.82%
NOI
$171,494 USD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.24 AC
Zoning
C-2C1 / RM-4 - Mixed-Use
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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: 11/10/2023

  • 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.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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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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