Marpole Freehold Retail Asset with Development Upside

8028 Granville St, Vancouver, BC V6P 4Z4
8028 Granville Street
3,405  SF Site
$ 4,218,000.00

Description

Address

8028 Granville St, Vancouver, BC V6P 4Z4

Opportunity

Lee & Associates Vancouver is pleased to present the opportunity to acquire 8028 Granville Street, a well-maintained one-storey retail building located on Granville Street between West 64th Avenue and West 65th Avenue in Vancouver’s evolving Marpole neighbourhood.

Location

Marpole is a neighbourhood with a mixture of single-family dwellings, low-rise condos, and various degrees of rental accommodation. The Property falls within the Marpole Community Development plan which will be enhanced as a walkable residential area. Upgraded walking and cycling routes will improve mobility and access to parks, community facilities, services, and the Fraser River.

Development Highlights

  • Prospective Buyer has the opportunity to owner occupy the building or hand pick tenancies
  • Opportunity to assemble and re-zone up to 3.0 FSR, 8-storeys under the Marpole Community Plan
  • Opportunity to build up to ~10,215 buildable SF of mixed-use strata lots
  • Well maintained retail building, including freshly painted exterior and annual roof inspection and maintenance

Details

Price: $ 4,218,000.00
Property Size: 3,405
SF Site
Lot Size: 3,405
SF
Property Type: Retail
Property Status: For Sale
Property Taxes : $33,432.80
OCP Land-Use Designation: Up to 8-storey mid-rise: (3.0 FSR)
Building Size : +/-2,123 SF