All Sq Ft Area

  • All Sq Ft Area
  • Less than 1,000
  • 1,000 to 5,000
  • 5,000 to 10,000
  • 10,000 to 30,000
  • 30,000 to 50,000
  • 45,000 to 50,000
  • 50,000+

Price Range: From to

Investment Property On “The Drive”

1510 Commercial Dr, Vancouver, BC V5L 2Y7, Canada

32,681 SF Building

$25,500,000.00
  • Description
  • Details
  • Features
  • Address

Description

The Opportunity

Lee & Associates Vancouver is pleased to present the opportunity to acquire 1510 Commercial Drive (the “Property”), a three storey concrete building with 33,000 SF of leasable area. The property offers strong holding income and terrific development potential.

Location Overview

The Property is strategically located on the southeast corner of Grant Street and Commercial Drive in the highly sought-after Commercial Drive neighbourhood of Vancouver. Known as “Little Italy”, Commercial Drive is one of Vancouver’s most trendiest districts. “The Drive” offers an abundance of restaurants, cafés, shopping, parks, and commercial amenities all while enjoying an abundance of transit options to UBC, Downtown Vancouver, and beyond.

Investment Highlights

  •  High profile corner location with development potential
  •  121 foot frontage on Commercial Drive
  •  Exceptional holding income with upside; commercial rent escalation over the next five years
  •  Large site offers excellent development potential
  •  Stage 1 and 2 environmental report available

Building Highlights

  •  3 storey building with concrete construction
  •  Enclosed underground parkade with 38 stalls and surface parking with 23 stalls
  •  New roof installed in 2017
  •  Full HVAC
  •  Telus fibre optic service

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Detail

Updated on November 13, 2018 at 11:31 am

  • Property Size: 32,681 SF Building
  • Land Area: 20919.69 SF
  • Property Type: Retail, Investment, Development
  • Property Status: For Sale

Additional details

  • Zoning: C-2C (Commercial District)
  • Gross Taxes (2018): $191,739.29
  • Address: 1510 Commercial Drive
  • City: Vancouver
  • Province: British Columbia
  • Postal Code: V5L 2Y7
  • Country: Canada