Development Site With Holding Income

Description

Address

838, 842, 850 Powell St, Vancouver, BC V6A 1H8

Executive Summary

Opportunity to acquire three side-by-side properties totaling 25,602 SF and a frontage of approximately 250 feet along Powell St. There is potential to expand and acquire the last lot for a fully block assembly with a total site area of 40,845 SF and over 380 feet of frontage in East Vancouver’s port industrial area. This a an extremely high exposure site with two arterial road converging at the junction of East Cordova St and Powell St. A great holding property or development site with zoning that allows a maximum density of 5 times the lot size.

Investment Highlights

• Direct access to Downtown Vancouver
• 40,825 total square feet between the lots
• Excellent exposure to the booming Powell Street corridor