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221 E 16th Ave

6,871 SF 100% Leased Retail Building Vancouver, BC V5T 2T5 For Sale

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Investment Highlights

Mixed use rental concrete block building
Extra large patios
Laundry area features 1 washing machine and 1 dryer

All residential units fully renovated
Extra storage currently generating $1,050/month in basement
Hot water baseboard heating

Executive Summary

217 — 221 East 16th Avenue is a well maintained and operated mixed-use commercial/residential property in the much desired, trendy South Main neighbourhood (SOMA). The building is located on the north side of East 16th Avenue on a C-2C site with potential for a 3.0 FSR. Two commercial ground floor units are fully leased as are the five apartment units above which have been recently improved

16th Ave E 221 LEE COMMERCIAL RESIDENTIAL SALE

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

6,871 SF

Building Class

Year Built

1972

NOI

$88,464 USD

Percent Leased

100%

Building Height

2 Stories

Building FAR

1.16

Lot Size

0.14 AC

Zoning

C-2C

Parking

7 Spaces (1.02 Spaces per 1,000 SF Leased)

About 221 E 16th Ave , Vancouver, BC V5T 2T5

Main Street is in the heart of the much desired South Main neighbourhood (SOMA). The Property is ideally located on East 16th Avenue just east off the Main Street commercial corridor, which connects Downtown Vancouver with south Vancouver. Main Street continues to see increased development activity and resident in-flow which will add to the 22,000 daily vehicles and high number of pedestrians present in the area today.

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