Colliers is pleased to present 2055-2057 Commercial Drive, a fully leased, two-tenant retail building on one of East Vancouver’s most established shopping streets.
Commercial Drive draws steady foot traffic from a dense, well-established residential neighbourhood. It has long been known for independent merchants and a strong local customer base. Retail space with street frontage on the Drive rarely comes to market in this size range, and this offering suits an owner-user or an investor seeking stable, low-management income.
The building is 100% occupied by two long-standing tenants: a national retail service operator and a local real estate brokerage. Both leases are fully net, so property taxes, insurance and operating costs are recovered from the tenants. That gives the landlord a clean, predictable income stream with minimal expense leakage.
Both leases also expire within a similar window in 2028. That timing gives a purchaser the chance to renew at current market rents or reposition the space.
Pricing Information
- Asking price: $2,350,000
- Price per SF: $1,077
- Building size: 2,197 SF
For the offering memorandum and tenant details, contact David Taylor at Colliers at 604-761-7044 or david.taylor@colliers.com.