786 Powell St
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786 Powell St
4,682 SF Flex Building Vancouver, BC V6A 1H6 $2,052,978 USD ($438 USD/SF) 4.52% Cap Rate
Investment Highlights
- Desirable area with numerous restaurants.
- Located in between well-known neighbourhoods of Railtown and Strathcona.
- Easy access to Highway 1.
Executive Summary
OPPORTUNITY
Iconic Properties Group is pleased to offer the opportunity to acquire a hassle-free, income-producing, fully renovated standalone building in the heart of Strathcona, with both floors leased out to professionals. The building, meticulously upgraded in 2020, boasts modern amenities and seismic resilience. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system, ensuring a premium working environment. With an advantageous M-2 zoning, this property allows for a diverse range of manufacturing and service-related activities and opens doors to a 5.0 FSR redevelopment. Its strategic location provides convenient access to Vancouver's Downtown core and offers seamless connectivity via a short drive to Highway 1.
LOCATION
786 Powell Street is located in between the well-known neighbourhoods of Railtown and Strathcona in Vancouver's Downtown Eastside. This area features multiple uses including industrial, retail, and an emerging amount of tech and business professionals. This area is becoming more and more desirable as it has numerous restaurants, showrooms, fashion studios, and offices for tech firms. Neighbouring tenants include Ask for Luigi, Aritzia, Railtown Cafe, Starbucks, Vancouver Urban Winery, Herschel Supply Co., and Bloom Furniture Studio. The site has easy access to Highway 1 to enter the North Shore or the rest of Metro Vancouver & the Fraser Valley, and it boasts fantastic proximity to the Port of Metro Vancouver and Downtown Vancouver.
Iconic Properties Group is pleased to offer the opportunity to acquire a hassle-free, income-producing, fully renovated standalone building in the heart of Strathcona, with both floors leased out to professionals. The building, meticulously upgraded in 2020, boasts modern amenities and seismic resilience. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system, ensuring a premium working environment. With an advantageous M-2 zoning, this property allows for a diverse range of manufacturing and service-related activities and opens doors to a 5.0 FSR redevelopment. Its strategic location provides convenient access to Vancouver's Downtown core and offers seamless connectivity via a short drive to Highway 1.
LOCATION
786 Powell Street is located in between the well-known neighbourhoods of Railtown and Strathcona in Vancouver's Downtown Eastside. This area features multiple uses including industrial, retail, and an emerging amount of tech and business professionals. This area is becoming more and more desirable as it has numerous restaurants, showrooms, fashion studios, and offices for tech firms. Neighbouring tenants include Ask for Luigi, Aritzia, Railtown Cafe, Starbucks, Vancouver Urban Winery, Herschel Supply Co., and Bloom Furniture Studio. The site has easy access to Highway 1 to enter the North Shore or the rest of Metro Vancouver & the Fraser Valley, and it boasts fantastic proximity to the Port of Metro Vancouver and Downtown Vancouver.
Property Facts
| Price | $2,052,978 USD | Lot Size | 0.07 AC |
| Price Per SF | $438 USD | Rentable Building Area | 4,682 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 4.52% | Year Built | 1978 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | R&D | Clear Ceiling Height | 10 FT 6 IN |
| Building Class | C |
| Price | $2,052,978 USD |
| Price Per SF | $438 USD |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.52% |
| Property Type | Flex |
| Property Subtype | R&D |
| Building Class | C |
| Lot Size | 0.07 AC |
| Rentable Building Area | 4,682 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Tenancy | Single |
| Clear Ceiling Height | 10 FT 6 IN |
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (77)
Bike Score ®
Very Bikeable (82)
zoning
| Zoning Code | M-2 (Flexible Industrial zoning which allows for a wide range of manufacturing, wholesaling uses as well as service uses.) |
| M-2 (Flexible Industrial zoning which allows for a wide range of manufacturing, wholesaling uses as well as service uses.) |
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