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Rare Cambie Village Investment Opportunity

3456 Cambie St, Vancouver, BC V5Z 2W8, Canada

1,940 SF

$4,890,000.00
  • Description
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Description

The Opportunity

Lee & Associates is pleased to present the opportunity to acquire 3456 Cambie Street, a historically famous retail building located front and centre next to the Park Theatre along the best block of Cambie Village.

Property Overview

The subject property consists of one (1) legal lot with a total site area of 3,465 square feet currently zoned C-2 and improved with a single storey retail building of approximately 1,815 square feet. The existing tenant is a famous long time resident flamenco dance club called the Kino Café.

Highlights

  • Income from 5 year lease has market upside and and early termination clause
  • Approximately 1,815 square feet can also be sub-divided into 2 smaller commercial retail units with 2 separate 100 amp power panels with 2 separate suspended gas heaters
  • Historically significant neighbouring property (The Park Theatre) listed in the Heritage Register is considered by City Of Vancouver Planners to be a Key Community Anchor
  • Close proximity to 2 existing North/South transit stations with a third east/west transit station planned at Cambie and West Broadway
  • Close proximity to Vancouver City Hall, Vancouver General Hospital, Nat Bailey stadium, Queen Elizabeth Park
  • 5 minute drive from the major redevelopment of Oakridge Shopping Centre at 41st & Cambie
  • 4 parking stalls in rear
  • Neighborhood is in transition quickly to higher density modern 4–6 storey mixed use residential often including a main level retail podium
  • Cambie Corridor plan (Phase 3) which will guide development over the next 30 years allows for the floor space ratio of 2.5–3.0 FSR up to 6 storeys

 

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Detail

Updated on August 19, 2019 at 9:33 am

  • Property Size: 1,940 SF
  • Property Type: Retail, Investment
  • Property Status: For Sale

Additional details

  • Zoning: C-2 (Commercial District)
  • Property Taxes (2019): 41575.75
  • Site Size: 33 ‘ x 105’ = 3,465 SF
  • Address: 3456 Cambie Street
  • City: Vancouver
  • Province: British Columbia
  • Postal Code: V5Z 2W8
  • Country: Canada