Main Street & East 26th Avenue Mixed-Use Retail Corner Sells for $6.85 Million
A mixed-use corner property at Main Street and East 26th Avenue has sold for $6,850,000.
The sale combined 4216 Main Street and 212 East 26th Avenue, which had to be sold together. The two 1926 buildings are one storey each, with street-level storefronts. They are leased to two restaurant tenants and include one residential unit. The corner lot has 68 feet of frontage on Main Street.
The property was listed in April 2026 at $7,499,000 and sold after 104 days on market, about 9% below the ask. The listing noted that rents are below market and that both leases include demolition clauses. For an investor, that points to two things: income that can grow as leases roll, and a site that can be redeveloped. The C-2 zoning allows mixed-use buildings of 4 to 6 storeys.
The vendors had owned the property since 2003, when they paid $925,000, about $159/SF.
Sale details
- Sale price: $6,850,000
- Price per SF: $1,228
- Building size: 5,576 SF
- Lot size: 7,405 SF
Gammon Property Advisors listed the property, and Marcus & Millichap acted on the buyer side.
Own an retail property in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
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